Short Interest in Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Increases By 300.3%

Fidelity Disruptive Communications ETF (NASDAQ:FDCF) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 1,329 shares, a growth of 300.3% from the June 30th total of 332 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 7,015 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On Fidelity Disruptive Communications ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FDCF. Jane Street Group LLC raised its stake in shares of Fidelity Disruptive Communications ETF by 56.0% during the 1st quarter. Jane Street Group LLC now owns 95,295 shares of the company’s stock valued at $3,507,000 after buying an additional 34,203 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of Fidelity Disruptive Communications ETF in the 3rd quarter valued at about $59,000. BXM Wealth LLC purchased a new stake in shares of Fidelity Disruptive Communications ETF in the fourth quarter worth about $257,000. Raleigh Capital Management Inc. purchased a new stake in shares of Fidelity Disruptive Communications ETF in the fourth quarter worth about $44,000. Finally, Key Capital Management INC acquired a new stake in Fidelity Disruptive Communications ETF during the fourth quarter worth about $29,000.

Fidelity Disruptive Communications ETF Stock Performance

Shares of Fidelity Disruptive Communications ETF stock traded up $0.30 during trading on Monday, hitting $48.12. 5,573 shares of the company’s stock were exchanged, compared to its average volume of 9,144. The business has a 50-day simple moving average of $49.74 and a 200-day simple moving average of $47.56. Fidelity Disruptive Communications ETF has a 52-week low of $41.23 and a 52-week high of $53.48. The stock has a market capitalization of $96.24 million, a price-to-earnings ratio of 26.94 and a beta of 1.20.

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.