Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Short Interest Update

Fidelity Disruptive Communications ETF (NASDAQ:FDCF) saw a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 5,900 shares, a growth of 118.5% from the January 31st total of 2,700 shares. Based on an average daily trading volume, of 10,000 shares, the days-to-cover ratio is presently 0.6 days.

Fidelity Disruptive Communications ETF Stock Up 0.4 %

Shares of NASDAQ FDCF traded up $0.16 during midday trading on Friday, reaching $38.97. 5,728 shares of the stock were exchanged, compared to its average volume of 11,775. The firm has a market cap of $58.46 million, a price-to-earnings ratio of 28.92 and a beta of 1.41. Fidelity Disruptive Communications ETF has a twelve month low of $29.78 and a twelve month high of $42.00. The firm has a 50-day simple moving average of $39.61 and a two-hundred day simple moving average of $37.96.

Institutional Investors Weigh In On Fidelity Disruptive Communications ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Cape Investment Advisory Inc. grew its stake in Fidelity Disruptive Communications ETF by 7.8% in the 4th quarter. Cape Investment Advisory Inc. now owns 3,842 shares of the company’s stock valued at $145,000 after acquiring an additional 278 shares during the period. Strategic Financial Concepts LLC acquired a new stake in Fidelity Disruptive Communications ETF during the 4th quarter worth $1,427,000. Finally, Jane Street Group LLC raised its holdings in shares of Fidelity Disruptive Communications ETF by 107.1% during the 4th quarter. Jane Street Group LLC now owns 61,092 shares of the company’s stock worth $2,308,000 after acquiring an additional 31,587 shares during the period.

About Fidelity Disruptive Communications ETF

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.