Fidelity Disruptive Technology ETF (NASDAQ:FDTX) Trading Up 2% – Here’s Why

Shares of Fidelity Disruptive Technology ETF (NASDAQ:FDTX) shot up 2% during trading on Wednesday . The company traded as high as $35.99 and last traded at $35.79. 12,623 shares traded hands during mid-day trading, a decline of 25% from the average session volume of 16,880 shares. The stock had previously closed at $35.10.

Fidelity Disruptive Technology ETF Price Performance

The stock has a market capitalization of $164.63 million, a price-to-earnings ratio of 39.22 and a beta of 1.67. The company has a 50-day simple moving average of $36.04 and a two-hundred day simple moving average of $33.66.

Institutional Trading of Fidelity Disruptive Technology ETF

A hedge fund recently bought a new stake in Fidelity Disruptive Technology ETF stock. Dana Investment Advisors Inc. bought a new stake in shares of Fidelity Disruptive Technology ETF (NASDAQ:FDTX) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 6,908 shares of the company’s stock, valued at approximately $230,000. Dana Investment Advisors Inc. owned 0.14% of Fidelity Disruptive Technology ETF as of its most recent SEC filing.

About Fidelity Disruptive Technology ETF

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.