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

Fidelity Disruptive Communications ETF (NASDAQ:FDCF) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 1,803 shares, a growth of 52.8% from the December 15th total of 1,180 shares. Based on an average trading volume of 7,675 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 7,675 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On Fidelity Disruptive Communications ETF

A number of large investors have recently bought and sold shares of the stock. Cape Investment Advisory Inc. raised its holdings in shares of Fidelity Disruptive Communications ETF by 10.6% in the second quarter. Cape Investment Advisory Inc. now owns 4,432 shares of the company’s stock worth $197,000 after acquiring an additional 425 shares during the last quarter. Advisory Services Network LLC purchased a new stake in Fidelity Disruptive Communications ETF during the 3rd quarter worth about $59,000. AE Wealth Management LLC acquired a new position in Fidelity Disruptive Communications ETF in the 2nd quarter valued at about $457,000. Finally, Jane Street Group LLC lifted its holdings in Fidelity Disruptive Communications ETF by 56.0% in the 1st quarter. Jane Street Group LLC now owns 95,295 shares of the company’s stock valued at $3,507,000 after purchasing an additional 34,203 shares in the last quarter.

Fidelity Disruptive Communications ETF Trading Down 0.5%

NASDAQ:FDCF traded down $0.23 during midday trading on Friday, reaching $47.94. The company had a trading volume of 10,831 shares, compared to its average volume of 12,739. Fidelity Disruptive Communications ETF has a 12-month low of $31.11 and a 12-month high of $53.48. The firm has a market capitalization of $105.47 million, a price-to-earnings ratio of 26.94 and a beta of 1.19. The stock’s fifty day simple moving average is $47.53 and its 200-day simple moving average is $47.28.

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.