Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Shares Shorted: Short Interest Down 93.3% in October

Fidelity Disruptive Communications ETF (NASDAQ:FDCF) saw a significant decline in short interest during the month of October. As of October 30th, there was short interest totaling 864 shares, a decline of 93.3% from the October 15th total of 12,846 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 6,575 shares, the short-interest ratio is presently 0.1 days.

Fidelity Disruptive Communications ETF Price Performance

NASDAQ FDCF traded up $0.53 on Wednesday, reaching $50.87. The company had a trading volume of 451 shares, compared to its average volume of 9,871. Fidelity Disruptive Communications ETF has a fifty-two week low of $41.23 and a fifty-two week high of $53.00. The business has a 50 day moving average of $50.75 and a two-hundred day moving average of $48.65. The firm has a market cap of $101.73 million, a price-to-earnings ratio of 21.91 and a beta of 1.24.

Institutional Investors Weigh In On Fidelity Disruptive Communications ETF

Large investors have recently bought and sold shares of the stock. Envestnet Portfolio Solutions Inc. lifted its position in Fidelity Disruptive Communications ETF by 51.6% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 24,818 shares of the company’s stock valued at $1,240,000 after acquiring an additional 8,442 shares in the last quarter. POM Investment Strategies LLC lifted its holdings in Fidelity Disruptive Communications ETF by 113.0% during the second quarter. POM Investment Strategies LLC now owns 15,309 shares of the company’s stock valued at $765,000 after purchasing an additional 8,123 shares during the last quarter. Finally, Commonwealth Equity Services LLC purchased a new stake in shares of Fidelity Disruptive Communications ETF during the third quarter worth $238,000.

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.