Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Short Interest Up 286.8% in January

Fidelity Disruptive Communications ETF (NASDAQ:FDCF) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 6,974 shares, a growth of 286.8% from the December 31st total of 1,803 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 12,854 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 12,854 shares, the short-interest ratio is currently 0.5 days. Approximately 0.3% of the company’s shares are short sold.

Fidelity Disruptive Communications ETF Price Performance

Shares of Fidelity Disruptive Communications ETF stock traded down $1.14 during trading on Friday, reaching $47.34. 6,847 shares of the stock traded hands, compared to its average volume of 12,652. The business has a fifty day simple moving average of $47.79 and a two-hundred day simple moving average of $47.55. Fidelity Disruptive Communications ETF has a 52-week low of $31.11 and a 52-week high of $53.48. The company has a market capitalization of $104.15 million, a price-to-earnings ratio of 26.94 and a beta of 1.19.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Key Capital Management INC acquired a new stake in shares of Fidelity Disruptive Communications ETF during the fourth quarter valued at $29,000. Raleigh Capital Management Inc. bought a new position in Fidelity Disruptive Communications ETF during the fourth quarter valued at about $44,000. BXM Wealth LLC acquired a new position in shares of Fidelity Disruptive Communications ETF during the fourth quarter valued at about $257,000. Cape Investment Advisory Inc. raised its stake in shares of Fidelity Disruptive Communications ETF by 16.2% in the third 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 during the last quarter. Finally, Advisory Services Network LLC acquired a new position in Fidelity Disruptive Communications ETF in the third quarter valued at approximately $59,000.

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.