Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Shares Shorted: Short Interest Down 93.3% in October

Fidelity Disruptive Communications ETF (NASDAQ:FDCF) was the recipient of a large decrease in short interest in the month of October. As of October 30th, there was short interest totaling 864 shares, a decrease of 93.3% from the October 15th total of 12,846 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 6,575 shares, the days-to-cover ratio is currently 0.1 days.

Fidelity Disruptive Communications ETF Price Performance

Shares of Fidelity Disruptive Communications ETF stock traded down $0.46 during trading hours on Thursday, hitting $50.37. 2,406 shares of the company’s stock traded hands, compared to its average volume of 9,847. The stock has a market capitalization of $100.74 million, a price-to-earnings ratio of 21.91 and a beta of 1.24. Fidelity Disruptive Communications ETF has a 12-month low of $41.23 and a 12-month high of $53.00. The company has a fifty day simple moving average of $50.78 and a 200-day simple moving average of $48.68.

Institutional Trading of Fidelity Disruptive Communications ETF

A number of large investors have recently added to or reduced their stakes in the stock. Envestnet Portfolio Solutions Inc. boosted its stake in Fidelity Disruptive Communications ETF by 51.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 24,818 shares of the company’s stock valued at $1,240,000 after acquiring an additional 8,442 shares during the last quarter. POM Investment Strategies LLC increased its stake in shares of Fidelity Disruptive Communications ETF by 113.0% during the 2nd quarter. POM Investment Strategies LLC now owns 15,309 shares of the company’s stock worth $765,000 after purchasing an additional 8,123 shares during the last quarter. Finally, Commonwealth Equity Services LLC bought a new stake in shares of Fidelity Disruptive Communications ETF in the 3rd quarter worth approximately $238,000.

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.