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

Fidelity Disruptive Technology ETF (NASDAQ:FDTX) was the recipient of a large decline in short interest during 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 trading volume of 17,700 shares, the days-to-cover ratio is presently 2.8 days.

Fidelity Disruptive Technology ETF Price Performance

Shares of FDTX traded up $0.12 during mid-day trading on Tuesday, reaching $34.90. The stock had a trading volume of 6,587 shares, compared to its average volume of 30,130. The business’s fifty day moving average is $33.27 and its 200 day moving average is $32.51. Fidelity Disruptive Technology ETF has a 52-week low of $25.94 and a 52-week high of $35.97. The firm has a market cap of $164.03 million, a price-to-earnings ratio of 39.22 and a beta of 1.67.

Institutional Trading of Fidelity Disruptive Technology ETF

A hedge fund recently raised its stake in Fidelity Disruptive Technology ETF stock. Kovack Advisors Inc. boosted its stake in Fidelity Disruptive Technology ETF (NASDAQ:FDTX) by 17.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,125 shares of the company’s stock after buying an additional 1,350 shares during the period. Kovack Advisors Inc. owned approximately 0.19% of Fidelity Disruptive Technology ETF worth $297,000 at the end of the most recent quarter.

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.