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

Fidelity Disruptive Communications ETF (NASDAQ:FDCF) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totaling 958 shares, a growth of 88.6% from the May 31st total of 508 shares. Based on an average daily volume of 9,888 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Hedge Funds Weigh In On Fidelity Disruptive Communications ETF

Hedge funds have recently bought and sold shares of the business. Jane Street Group LLC increased its holdings in shares of 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 valued at $3,507,000 after acquiring an additional 34,203 shares during the last quarter. Advisory Services Network LLC bought a new stake in Fidelity Disruptive Communications ETF during the third quarter worth approximately $59,000. Cape Investment Advisory Inc. grew its holdings in Fidelity Disruptive Communications ETF by 16.2% during 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 during the last quarter. BXM Wealth LLC acquired a new position in Fidelity Disruptive Communications ETF during the fourth quarter valued at approximately $257,000. Finally, Raleigh Capital Management Inc. bought a new position in shares of Fidelity Disruptive Communications ETF in the fourth quarter valued at approximately $44,000.

Fidelity Disruptive Communications ETF Stock Down 1.5%

FDCF stock traded down $0.76 during trading hours on Thursday, hitting $49.78. The company’s stock had a trading volume of 2,536 shares, compared to its average volume of 9,505. The stock has a 50 day moving average price of $49.27 and a two-hundred day moving average price of $47.29. Fidelity Disruptive Communications ETF has a 12 month low of $41.23 and a 12 month high of $53.48. The company has a market capitalization of $99.56 million, a PE ratio of 26.94 and a beta of 1.20.

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.