Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Short Interest Down 66.2% in February

Fidelity Disruptive Communications ETF (NASDAQ:FDCF) was the target of a significant decrease in short interest in the month of February. As of February 27th, there was short interest totaling 503 shares, a decrease of 66.2% from the February 12th total of 1,487 shares. Based on an average daily trading volume, of 7,643 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 7,643 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Fidelity Disruptive Communications ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cape Investment Advisory Inc. raised its position 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 worth $197,000 after purchasing an additional 425 shares during the period. Key Capital Management INC bought a new position in Fidelity Disruptive Communications ETF during the fourth quarter valued at about $29,000. Raleigh Capital Management Inc. acquired a new position in shares of Fidelity Disruptive Communications ETF in the 4th quarter worth approximately $44,000. Advisory Services Network LLC acquired a new position in shares of Fidelity Disruptive Communications ETF in the 3rd quarter worth $59,000. Finally, BXM Wealth LLC purchased a new stake in Fidelity Disruptive Communications ETF during the fourth quarter valued at about $257,000.

Fidelity Disruptive Communications ETF Stock Performance

FDCF traded down $0.29 during trading on Friday, reaching $44.02. The company’s stock had a trading volume of 4,105 shares, compared to its average volume of 10,406. 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 $96.84 million, a price-to-earnings ratio of 26.94 and a beta of 1.19. The company’s fifty day moving average price is $46.61 and its 200-day moving average price is $47.58.

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.