Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Short Interest Up 607.4% in July

Fidelity Disruptive Communications ETF (NASDAQ:FDCF) saw a significant increase in short interest in July. As of July 31st, there was short interest totaling 9,401 shares, an increase of 607.4% from the July 15th total of 1,329 shares. Based on an average daily trading volume, of 7,529 shares, the short-interest ratio is presently 1.2 days. Currently, 0.5% of the company’s stock are short sold.

Fidelity Disruptive Communications ETF Stock Up 0.3%

Shares of NASDAQ:FDCF traded up $0.14 on Wednesday, reaching $51.25. The company had a trading volume of 2,153 shares, compared to its average volume of 8,955. Fidelity Disruptive Communications ETF has a twelve month low of $41.23 and a twelve month high of $53.48. The stock has a 50-day moving average price of $49.61 and a 200 day moving average price of $47.67. The stock has a market capitalization of $102.50 million, a P/E ratio of 26.94 and a beta of 1.21.

Institutional Investors Weigh In On Fidelity Disruptive Communications ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in FDCF. Key Capital Management INC bought a new stake in Fidelity Disruptive Communications ETF during the fourth quarter worth approximately $29,000. Advisory Services Network LLC acquired a new stake in shares of Fidelity Disruptive Communications ETF in the third quarter worth $59,000. VestGen Advisors LLC acquired a new stake in shares of Fidelity Disruptive Communications ETF in the fourth quarter worth $276,000. Align Financial LLC bought a new stake in shares of Fidelity Disruptive Communications ETF during the 4th quarter worth $2,311,000. Finally, Jane Street Group LLC boosted its holdings 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 worth $3,507,000 after buying an additional 34,203 shares during the period.

Fidelity Disruptive Communications ETF Company Profile

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.