Short Interest in Fidelity Disruptive Technology ETF (NASDAQ:FDTX) Declines By 90.4%

Fidelity Disruptive Technology ETF (NASDAQ:FDTX) saw a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 2,200 shares, a drop of 90.4% from the February 28th total of 22,900 shares. Based on an average daily volume of 21,100 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Fidelity Disruptive Technology ETF Trading Down 2.9 %

NASDAQ:FDTX traded down $0.95 on Friday, hitting $31.73. The company had a trading volume of 10,096 shares, compared to its average volume of 22,787. Fidelity Disruptive Technology ETF has a 52 week low of $27.21 and a 52 week high of $38.45. The stock has a market capitalization of $149.13 million, a price-to-earnings ratio of 33.22 and a beta of 1.67. The firm has a 50 day moving average of $35.52 and a two-hundred day moving average of $34.90.

Hedge Funds Weigh In On Fidelity Disruptive Technology ETF

A number of institutional investors and hedge funds have recently bought and sold shares of FDTX. Venturi Wealth Management LLC bought a new stake in shares of Fidelity Disruptive Technology ETF during the fourth quarter worth about $212,000. BXM Wealth LLC acquired a new stake in Fidelity Disruptive Technology ETF during the 4th quarter worth approximately $218,000. Finally, Commonwealth Equity Services LLC acquired a new stake in Fidelity Disruptive Technology ETF during the 4th quarter worth approximately $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.