Fidelity Disruptive Technology ETF (NASDAQ:FDTX – Get Free Report) saw a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 64,600 shares, an increase of 50.2% from the January 31st total of 43,000 shares. Based on an average trading volume of 19,700 shares, the short-interest ratio is presently 3.3 days.
Fidelity Disruptive Technology ETF Stock Down 0.2 %
Shares of FDTX stock opened at $34.04 on Wednesday. The stock has a market cap of $163.05 million, a P/E ratio of 35.08 and a beta of 1.67. The company’s fifty day simple moving average is $36.49 and its two-hundred day simple moving average is $34.80. Fidelity Disruptive Technology ETF has a 52 week low of $27.21 and a 52 week high of $38.45.
Institutional Investors Weigh In On Fidelity Disruptive Technology ETF
Hedge funds have recently made changes to their positions in the company. Kovack Advisors Inc. grew its holdings in Fidelity Disruptive Technology ETF by 17.4% during the 3rd quarter. Kovack Advisors Inc. now owns 9,125 shares of the company’s stock valued at $297,000 after buying an additional 1,350 shares in the last quarter. BXM Wealth LLC purchased a new position in shares of Fidelity Disruptive Technology ETF in the fourth quarter valued at $218,000. Venturi Wealth Management LLC bought a new stake in Fidelity Disruptive Technology ETF in the fourth quarter worth $212,000. Finally, Commonwealth Equity Services LLC purchased a new stake in Fidelity Disruptive Technology ETF during the fourth quarter valued at $305,000.
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.
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