Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Short Interest Up 52.8% in December

Fidelity Disruptive Communications ETF (NASDAQ:FDCF) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 1,803 shares, an increase of 52.8% from the December 15th total of 1,180 shares. Based on an average daily trading volume, of 7,675 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are sold short. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 7,675 shares, the days-to-cover ratio is presently 0.2 days.

Fidelity Disruptive Communications ETF Stock Performance

Shares of FDCF traded down $0.23 during mid-day trading on Friday, hitting $47.94. The company’s stock had a trading volume of 10,831 shares, compared to its average volume of 12,739. The stock’s 50-day moving average is $47.53 and its two-hundred day moving average is $47.28. The firm has a market capitalization of $105.47 million, a PE ratio of 26.94 and a beta of 1.19. Fidelity Disruptive Communications ETF has a one year low of $31.11 and a one year high of $53.48.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FDCF. Jane Street Group LLC lifted 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 buying an additional 34,203 shares during the period. AE Wealth Management LLC increased its stake in Fidelity Disruptive Communications ETF by 105.4% during the third quarter. AE Wealth Management LLC now owns 21,117 shares of the company’s stock valued at $1,046,000 after acquiring an additional 10,838 shares during the period. Cape Investment Advisory Inc. raised its holdings in Fidelity Disruptive Communications ETF by 16.2% in the 3rd quarter. Cape Investment Advisory Inc. now owns 5,150 shares of the company’s stock valued at $255,000 after acquiring an additional 718 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new position in Fidelity Disruptive Communications ETF in the 3rd quarter valued at approximately $59,000.

Fidelity Disruptive Communications ETF Company Profile

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.