Fidelity Disruptive Technology ETF (NASDAQ:FDTX) Short Interest Up 330.4% in May

Fidelity Disruptive Technology ETF (NASDAQ:FDTX) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 41,734 shares, an increase of 330.4% from the April 30th total of 9,697 shares. Based on an average trading volume of 31,346 shares, the short-interest ratio is presently 1.3 days. Approximately 0.9% of the company’s shares are short sold.

Institutional Investors Weigh In On Fidelity Disruptive Technology ETF

A number of institutional investors have recently added to or reduced their stakes in FDTX. Kestra Advisory Services LLC purchased a new stake in Fidelity Disruptive Technology ETF during the fourth quarter valued at about $31,000. Sunbelt Securities Inc. purchased a new stake in shares of Fidelity Disruptive Technology ETF in the third quarter worth about $34,000. High Point Wealth Management LLC purchased a new stake in shares of Fidelity Disruptive Technology ETF in the fourth quarter worth about $41,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Fidelity Disruptive Technology ETF by 1,017.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,050 shares of the company’s stock worth $45,000 after buying an additional 956 shares during the period. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Fidelity Disruptive Technology ETF during the 4th quarter worth approximately $205,000.

Fidelity Disruptive Technology ETF Trading Up 1.0%

FDTX stock opened at $53.32 on Friday. The stock has a 50-day moving average price of $43.98 and a two-hundred day moving average price of $41.41. Fidelity Disruptive Technology ETF has a 12-month low of $34.84 and a 12-month high of $53.66. The company has a market cap of $250.60 million, a PE ratio of 36.21 and a beta of 1.66.

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. FDTX was launched on Apr 16, 2020 and is managed by Fidelity.