Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Sees Significant Growth in Short Interest

Fidelity Disruptive Communications ETF (NASDAQ:FDCF) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 200 shares, an increase of 100.0% from the February 28th total of 100 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 10,100 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On Fidelity Disruptive Communications ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Cape Investment Advisory Inc. raised its stake in shares of Fidelity Disruptive Communications ETF by 7.8% during the fourth quarter. Cape Investment Advisory Inc. now owns 3,842 shares of the company’s stock valued at $145,000 after purchasing an additional 278 shares in the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of Fidelity Disruptive Communications ETF in the 4th quarter worth approximately $1,427,000. Finally, Jane Street Group LLC lifted its stake in Fidelity Disruptive Communications ETF by 107.1% during the fourth quarter. Jane Street Group LLC now owns 61,092 shares of the company’s stock valued at $2,308,000 after purchasing an additional 31,587 shares during the last quarter.

Fidelity Disruptive Communications ETF Trading Down 2.4 %

FDCF stock traded down $0.93 during trading on Friday, reaching $37.04. The stock had a trading volume of 6,433 shares, compared to its average volume of 7,263. Fidelity Disruptive Communications ETF has a 1-year low of $29.78 and a 1-year high of $42.00. The company has a market capitalization of $55.56 million, a P/E ratio of 23.24 and a beta of 1.41. The firm has a fifty day moving average price of $39.46 and a 200 day moving average price of $38.40.

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.