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

Fidelity Disruptive Communications ETF (NASDAQ:FDCF) was the target of a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 1,180 shares, a decline of 42.6% from the November 30th total of 2,056 shares. Based on an average trading volume of 10,352 shares, the days-to-cover ratio is currently 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 trading volume of 10,352 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC acquired a new stake in shares of Fidelity Disruptive Communications ETF in the third quarter valued at approximately $59,000. Cape Investment Advisory Inc. increased its position in Fidelity Disruptive Communications ETF by 10.6% in the 2nd 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. AE Wealth Management LLC bought a new stake in Fidelity Disruptive Communications ETF during the 2nd quarter valued at $457,000. Finally, Jane Street Group LLC boosted its position in Fidelity Disruptive Communications ETF by 56.0% during the 1st quarter. Jane Street Group LLC now owns 95,295 shares of the company’s stock worth $3,507,000 after acquiring an additional 34,203 shares during the period.

Fidelity Disruptive Communications ETF Price Performance

FDCF traded down $0.13 during trading hours on Monday, hitting $48.20. 3,739 shares of the stock were exchanged, compared to its average volume of 11,656. The stock has a market cap of $101.21 million, a price-to-earnings ratio of 26.94 and a beta of 1.19. The stock has a 50-day simple moving average of $47.60 and a 200-day simple moving average of $46.71. 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.