Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Short Interest Down 54.3% in April

Fidelity Disruptive Communications ETF (NASDAQ:FDCF) was the target of a significant drop in short interest in April. As of April 30th, there was short interest totaling 658 shares, a drop of 54.3% from the April 15th total of 1,439 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 6,315 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Fidelity Disruptive Communications ETF

Institutional investors have recently modified their holdings of the stock. Jane Street Group LLC grew its stake in shares of Fidelity Disruptive Communications ETF by 56.0% in the 1st quarter. Jane Street Group LLC now owns 95,295 shares of the company’s stock valued at $3,507,000 after buying an additional 34,203 shares in 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. AE Wealth Management LLC raised its position in shares of Fidelity Disruptive Communications ETF by 105.4% in the third quarter. AE Wealth Management LLC now owns 21,117 shares of the company’s stock valued at $1,046,000 after purchasing an additional 10,838 shares during the period. VestGen Advisors LLC bought a new position in Fidelity Disruptive Communications ETF during the fourth quarter worth $276,000. Finally, BXM Wealth LLC bought a new position in Fidelity Disruptive Communications ETF during the fourth quarter worth $257,000.

Fidelity Disruptive Communications ETF Stock Down 1.1%

Shares of Fidelity Disruptive Communications ETF stock traded down $0.55 during trading on Friday, hitting $49.31. The stock had a trading volume of 15,517 shares, compared to its average volume of 9,553. The stock has a 50 day simple moving average of $45.95 and a 200 day simple moving average of $46.80. The company has a market capitalization of $103.55 million, a PE ratio of 26.94 and a beta of 1.21. Fidelity Disruptive Communications ETF has a 1 year low of $40.00 and a 1 year 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.