Fidelity Disruptive Technology ETF (NASDAQ:FDTX) Short Interest Up 35.7% in January

Fidelity Disruptive Technology ETF (NASDAQ:FDTX) saw a large increase in short interest in January. As of January 15th, there was short interest totalling 77,500 shares, an increase of 35.7% from the December 31st total of 57,100 shares. Based on an average daily trading volume, of 14,800 shares, the short-interest ratio is currently 5.2 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position 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 third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,125 shares of the company’s stock after buying an additional 1,350 shares during the quarter. Kovack Advisors Inc. owned about 0.19% of Fidelity Disruptive Technology ETF worth $297,000 as of its most recent SEC filing.

Fidelity Disruptive Technology ETF Price Performance

Shares of Fidelity Disruptive Technology ETF stock opened at $36.98 on Thursday. The stock has a market capitalization of $170.09 million, a P/E ratio of 39.22 and a beta of 1.67. The business has a 50 day simple moving average of $36.30 and a two-hundred day simple moving average of $33.82. Fidelity Disruptive Technology ETF has a 12 month low of $27.21 and a 12 month high of $37.70.

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.