Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Stock Short Interest Report for October

Fidelity Disruptive Communications ETF (NASDAQ:FDCF) was the recipient of a significant decrease in short interest during 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. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 6,575 shares, the short-interest ratio is presently 0.1 days.

Fidelity Disruptive Communications ETF Stock Performance

Shares of Fidelity Disruptive Communications ETF stock traded down $0.08 during midday trading on Tuesday, reaching $50.36. 15,605 shares of the company’s stock traded hands, compared to its average volume of 9,915. The company has a market cap of $100.72 million, a PE ratio of 21.91 and a beta of 1.24. The stock has a 50 day moving average of $50.75 and a 200-day moving average of $48.64. Fidelity Disruptive Communications ETF has a 12 month low of $41.23 and a 12 month high of $53.00.

Hedge Funds Weigh In On Fidelity Disruptive Communications ETF

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

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.