Short Interest in Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Decreases By 7.3%

Fidelity Disruptive Communications ETF (NASDAQ:FDCF) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totalling 30,700 shares, a decline of 7.3% from the December 15th total of 33,100 shares. Based on an average daily trading volume, of 8,300 shares, the days-to-cover ratio is currently 3.7 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Fidelity Disruptive Communications ETF stock. Davies Financial Advisors Inc. purchased a new position in Fidelity Disruptive Communications ETF (NASDAQ:FDCF) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 6,915 shares of the company’s stock, valued at approximately $256,000. Davies Financial Advisors Inc. owned approximately 0.49% of Fidelity Disruptive Communications ETF at the end of the most recent reporting period.

Fidelity Disruptive Communications ETF Price Performance

NASDAQ FDCF traded up $0.35 during trading on Monday, reaching $38.98. The company’s stock had a trading volume of 14,152 shares, compared to its average volume of 12,459. The stock has a market capitalization of $58.47 million, a PE ratio of 30.80 and a beta of 1.41. The firm has a fifty day moving average of $38.67 and a 200 day moving average of $36.74. Fidelity Disruptive Communications ETF has a one year low of $29.26 and a one year high of $40.56.

Fidelity Disruptive Communications ETF Company Profile

The Fidelity Disruptive Communications ETF (FDCF) 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 companies tied with disruptive technologies in communications services. The fund invests in securities of domestic and foreign issuers FDCF was launched on Apr 16, 2020 and is managed by Fidelity.