Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Short Interest Up 215.4% in August

Fidelity Disruptive Communications ETF (NASDAQ:FDCF) was the recipient of a significant growth in short interest during the month of August. As of August 15th, there was short interest totaling 12,300 shares, agrowthof215.4% from the July 31st total of 3,900 shares. Based on an average daily trading volume, of 10,500 shares, the days-to-cover ratio is presently 1.2 days. Based on an average daily trading volume, of 10,500 shares, the days-to-cover ratio is presently 1.2 days.

Fidelity Disruptive Communications ETF Trading Up 0.8%

NASDAQ FDCF opened at $47.24 on Thursday. The firm has a market cap of $85.03 million, a PE ratio of 26.94 and a beta of 1.20. Fidelity Disruptive Communications ETF has a 1-year low of $31.11 and a 1-year high of $47.42. The stock has a 50-day moving average of $45.23 and a 200-day moving average of $40.98.

Fidelity Disruptive Communications ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 24th. Stockholders of record on Friday, June 20th were paid a dividend of $0.016 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, June 20th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in FDCF. Cape Investment Advisory Inc. raised its holdings in Fidelity Disruptive Communications ETF by 10.6% during the 2nd quarter. Cape Investment Advisory Inc. now owns 4,432 shares of the company’s stock valued at $197,000 after buying an additional 425 shares during the last quarter. AE Wealth Management LLC purchased a new position in shares of Fidelity Disruptive Communications ETF in the second quarter valued at about $457,000. Finally, Jane Street Group LLC raised its stake in shares of 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 acquiring an additional 31,587 shares during the last quarter.

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.