Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Short Interest Update

Fidelity Disruptive Communications ETF (NASDAQ:FDCF) was the recipient of a significant growth in short interest in 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. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 8,273 shares, the short-interest ratio is currently 0.1 days.

Fidelity Disruptive Communications ETF Price Performance

Shares of FDCF stock traded down $0.74 during trading on Friday, reaching $41.51. The company had a trading volume of 6,704 shares, compared to its average volume of 9,588. The firm’s 50 day simple moving average is $45.73 and its two-hundred day simple moving average is $47.36. Fidelity Disruptive Communications ETF has a one year low of $31.11 and a one year high of $53.48. The company has a market capitalization of $91.32 million, a PE ratio of 26.94 and a beta of 1.19.

Hedge Funds Weigh In On Fidelity Disruptive Communications ETF

A number of institutional investors have recently modified their holdings of the company. Key Capital Management INC bought a new position in shares of Fidelity Disruptive Communications ETF during the 4th quarter worth about $29,000. Raleigh Capital Management Inc. bought a new stake in shares of Fidelity Disruptive Communications ETF in the fourth quarter valued at about $44,000. Advisory Services Network LLC acquired a new stake in Fidelity Disruptive Communications ETF during the third quarter worth about $59,000. Cape Investment Advisory Inc. increased its stake in Fidelity Disruptive Communications ETF by 10.6% during the second quarter. Cape Investment Advisory Inc. now owns 4,432 shares of the company’s stock valued at $197,000 after acquiring an additional 425 shares during the period. Finally, BXM Wealth LLC bought a new position in Fidelity Disruptive Communications ETF during the fourth quarter valued at about $257,000.

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.