Short Interest in Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Expands By 58.4%

Fidelity Disruptive Communications ETF (NASDAQ:FDCF) saw a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 797 shares, a growth of 58.4% from the February 26th total of 503 shares. Based on an average trading volume of 8,273 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Investors Weigh In On Fidelity Disruptive Communications ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Cape Investment Advisory Inc. boosted its position in Fidelity Disruptive Communications ETF by 16.2% in the third quarter. Cape Investment Advisory Inc. now owns 5,150 shares of the company’s stock valued at $255,000 after buying an additional 718 shares in the last quarter. VestGen Advisors LLC acquired a new stake in shares of Fidelity Disruptive Communications ETF during the fourth quarter worth approximately $276,000. Jane Street Group LLC raised its stake in shares of Fidelity Disruptive Communications ETF by 56.0% in the first quarter. Jane Street Group LLC now owns 95,295 shares of the company’s stock valued at $3,507,000 after acquiring an additional 34,203 shares during the last quarter. Align Financial LLC bought a new position in shares of Fidelity Disruptive Communications ETF in the fourth quarter valued at approximately $2,311,000. Finally, Advisory Services Network LLC acquired a new position in shares of Fidelity Disruptive Communications ETF in the 3rd quarter worth approximately $59,000.

Fidelity Disruptive Communications ETF Price Performance

Shares of FDCF traded down $0.74 on Friday, reaching $41.51. 6,704 shares of the stock traded hands, compared to its average volume of 9,588. The stock’s 50-day moving average price is $45.73 and its 200-day moving average price is $47.36. The firm has a market cap of $91.32 million, a price-to-earnings ratio of 26.94 and a beta of 1.19. Fidelity Disruptive Communications ETF has a 12 month low of $31.11 and a 12 month high of $53.48.

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.