Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Short Interest Down 54.3% in April

Fidelity Disruptive Communications ETF (NASDAQ:FDCF) saw a significant drop in short interest in April. As of April 30th, there was short interest totaling 658 shares, a drop of 54.3% from the April 15th total of 1,439 shares. Based on an average daily volume of 6,315 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Key Capital Management INC bought a new position in shares of Fidelity Disruptive Communications ETF in the fourth quarter valued at approximately $29,000. Cape Investment Advisory Inc. lifted its holdings 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 purchasing an additional 718 shares in the last quarter. Raleigh Capital Management Inc. bought a new position in shares of Fidelity Disruptive Communications ETF in the fourth quarter valued at approximately $44,000. Advisory Services Network LLC bought a new position in shares of Fidelity Disruptive Communications ETF in the third quarter valued at approximately $59,000. Finally, BXM Wealth LLC purchased a new position in shares of Fidelity Disruptive Communications ETF in the 4th quarter worth approximately $257,000.

Fidelity Disruptive Communications ETF Price Performance

Shares of FDCF stock traded down $0.55 during trading hours on Friday, reaching $49.31. The company had a trading volume of 15,517 shares, compared to its average volume of 9,553. Fidelity Disruptive Communications ETF has a 12 month low of $40.00 and a 12 month high of $53.48. The business has a fifty day simple moving average of $46.02 and a 200-day simple moving average of $46.82. The company has a market cap of $103.55 million, a price-to-earnings ratio of 26.94 and a beta of 1.21.

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.