Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Short Interest Down 75.8% in January

Fidelity Disruptive Communications ETF (NASDAQ:FDCF) was the recipient of a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 1,687 shares, a drop of 75.8% from the January 15th total of 6,974 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 12,198 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 12,198 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Fidelity Disruptive Communications ETF Trading Down 2.6%

NASDAQ:FDCF opened at $44.94 on Friday. The company’s 50 day moving average is $47.64 and its two-hundred day moving average is $47.62. The company has a market cap of $98.87 million, a PE ratio of 26.94 and a beta of 1.19. Fidelity Disruptive Communications ETF has a twelve month low of $31.11 and a twelve month high of $53.48.

Hedge Funds Weigh In On Fidelity Disruptive Communications ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FDCF. Key Capital Management INC purchased a new stake in Fidelity Disruptive Communications ETF during the 4th quarter valued at about $29,000. Raleigh Capital Management Inc. purchased a new position in shares of Fidelity Disruptive Communications ETF in the fourth quarter worth about $44,000. Advisory Services Network LLC acquired a new stake in shares of Fidelity Disruptive Communications ETF during the third quarter worth about $59,000. Cape Investment Advisory Inc. boosted its position in 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 valued at $197,000 after buying an additional 425 shares during the last quarter. Finally, BXM Wealth LLC acquired a new position in Fidelity Disruptive Communications ETF in the 4th quarter worth approximately $257,000.

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.