Fidelity Disruptive Technology ETF (NASDAQ:FDTX) Short Interest Down 8.5% in October

Fidelity Disruptive Technology ETF (NASDAQ:FDTX) saw a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 49,700 shares, a decline of 8.5% from the October 15th total of 54,300 shares. Based on an average daily volume of 17,700 shares, the days-to-cover ratio is presently 2.8 days.

Hedge Funds Weigh In On Fidelity Disruptive Technology ETF

A hedge fund recently raised its stake in Fidelity Disruptive Technology ETF stock. Kovack Advisors Inc. raised its holdings in shares of Fidelity Disruptive Technology ETF (NASDAQ:FDTX) by 17.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,125 shares of the company’s stock after acquiring an additional 1,350 shares during the quarter. Kovack Advisors Inc. owned approximately 0.19% of Fidelity Disruptive Technology ETF worth $297,000 as of its most recent filing with the SEC.

Fidelity Disruptive Technology ETF Stock Up 0.3 %

NASDAQ:FDTX traded up $0.12 during trading hours on Tuesday, reaching $34.90. 6,587 shares of the stock were exchanged, compared to its average volume of 30,130. The business has a 50-day moving average of $33.27 and a two-hundred day moving average of $32.51. Fidelity Disruptive Technology ETF has a twelve month low of $25.94 and a twelve month high of $35.97. The company has a market capitalization of $164.03 million, a price-to-earnings ratio of 39.22 and a beta of 1.67.

About Fidelity Disruptive Technology ETF

The Fidelity Disruptive Technology ETF (FDTX) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that invests in innovative businesses believed to have the potential for market disruption. The fund holds global disruptive technology companies, from machine learning to next-generation hardware and AI.