Short Interest in Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Drops By 42.6%

Fidelity Disruptive Communications ETF (NASDAQ:FDCF) was the target of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totaling 1,180 shares, a decrease of 42.6% from the November 30th total of 2,056 shares. Based on an average daily volume of 10,352 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 10,352 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Fidelity Disruptive Communications ETF

Several institutional investors have recently added to or reduced their stakes in FDCF. Jane Street Group LLC boosted its position in Fidelity Disruptive Communications ETF by 56.0% during the first quarter. Jane Street Group LLC now owns 95,295 shares of the company’s stock worth $3,507,000 after purchasing an additional 34,203 shares during the period. AE Wealth Management LLC bought a new stake in shares of Fidelity Disruptive Communications ETF in the second quarter valued at approximately $457,000. Cape Investment Advisory Inc. lifted its stake in shares of Fidelity Disruptive Communications ETF by 10.6% during the 2nd quarter. Cape Investment Advisory Inc. now owns 4,432 shares of the company’s stock valued at $197,000 after buying an additional 425 shares in the last quarter. Finally, Advisory Services Network LLC bought a new position in Fidelity Disruptive Communications ETF in the 3rd quarter worth approximately $59,000.

Fidelity Disruptive Communications ETF Price Performance

Shares of FDCF traded up $0.10 during mid-day trading on Friday, hitting $48.33. The stock had a trading volume of 1,603 shares, compared to its average volume of 11,688. Fidelity Disruptive Communications ETF has a 52 week low of $31.11 and a 52 week high of $53.48. The business has a fifty day moving average price of $47.60 and a 200-day moving average price of $46.67. The firm has a market cap of $101.50 million, a P/E ratio of 26.94 and a beta of 1.19.

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.