Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Sees Large Increase in Short Interest

Fidelity Disruptive Communications ETF (NASDAQ:FDCF) was the target of a significant increase in short interest in the month of 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 volume of 7,529 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.5% of the company’s stock are sold short.

Fidelity Disruptive Communications ETF Trading Up 0.7%

FDCF traded up $0.36 during trading hours on Thursday, hitting $51.56. 4,301 shares of the company’s stock were exchanged, compared to its average volume of 8,933. Fidelity Disruptive Communications ETF has a 12-month low of $41.23 and a 12-month high of $53.48. The firm has a 50 day moving average of $49.62 and a 200 day moving average of $47.69. The firm has a market cap of $103.12 million, a P/E ratio of 26.94 and a beta of 1.21.

Institutional Trading of Fidelity Disruptive Communications ETF

Large investors have recently modified their holdings of the stock. Key Capital Management INC acquired a new stake in shares of Fidelity Disruptive Communications ETF in the fourth quarter valued at $29,000. Advisory Services Network LLC acquired a new position in Fidelity Disruptive Communications ETF during the 3rd quarter worth $59,000. VestGen Advisors LLC acquired a new position in Fidelity Disruptive Communications ETF during the 4th quarter worth $276,000. Align Financial LLC purchased a new stake in Fidelity Disruptive Communications ETF during the 4th quarter worth about $2,311,000. Finally, Jane Street Group LLC increased its holdings in 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 purchasing an additional 34,203 shares during the period.

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.