Short Interest in Fidelity Disruptive Technology ETF (NASDAQ:FDTX) Declines By 63.6%

Fidelity Disruptive Technology ETF (NASDAQ:FDTX) saw a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 800 shares, a decrease of 63.6% from the March 15th total of 2,200 shares. Based on an average daily trading volume, of 24,600 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Investors Weigh In On Fidelity Disruptive Technology ETF

Several institutional investors have recently modified their holdings of FDTX. Commonwealth Equity Services LLC purchased a new stake in Fidelity Disruptive Technology ETF in the 4th quarter valued at $305,000. BXM Wealth LLC purchased a new position in shares of Fidelity Disruptive Technology ETF in the 4th quarter valued at about $218,000. Finally, Venturi Wealth Management LLC purchased a new position in Fidelity Disruptive Technology ETF in the 4th quarter valued at approximately $212,000.

Fidelity Disruptive Technology ETF Stock Down 2.9 %

NASDAQ:FDTX traded down $0.88 on Wednesday, reaching $29.85. 26,536 shares of the company’s stock were exchanged, compared to its average volume of 22,744. The business has a fifty day moving average of $33.48 and a 200-day moving average of $34.73. Fidelity Disruptive Technology ETF has a 52-week low of $26.71 and a 52-week high of $38.45. The firm has a market capitalization of $143.28 million, a price-to-earnings ratio of 28.09 and a beta of 1.67.

Fidelity Disruptive Technology ETF Company Profile

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.