Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Sees Significant Growth in Short Interest

Fidelity Disruptive Communications ETF (NASDAQ:FDCF) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 9,401 shares, a growth of 607.4% from the July 15th total of 1,329 shares. Based on an average trading volume of 7,529 shares, the short-interest ratio is presently 1.2 days. Approximately 0.5% of the shares of the company are short sold.

Fidelity Disruptive Communications ETF Stock Performance

Shares of NASDAQ:FDCF traded up $0.14 during midday trading on Wednesday, hitting $51.25. The company’s stock had a trading volume of 2,153 shares, compared to its average volume of 8,955. The stock has a market capitalization of $102.50 million, a price-to-earnings ratio of 26.94 and a beta of 1.21. The stock’s 50 day simple moving average is $49.61 and its 200 day simple moving average is $47.67. Fidelity Disruptive Communications ETF has a fifty-two week low of $41.23 and a fifty-two week high of $53.48.

Institutional Trading of Fidelity Disruptive Communications ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FDCF. Key Capital Management INC acquired a new position in shares of Fidelity Disruptive Communications ETF during the fourth quarter worth approximately $29,000. Advisory Services Network LLC bought a new position in Fidelity Disruptive Communications ETF during the third quarter worth $59,000. VestGen Advisors LLC acquired a new position in Fidelity Disruptive Communications ETF during the 4th quarter valued at $276,000. Align Financial LLC acquired a new position in Fidelity Disruptive Communications ETF during the 4th quarter valued at $2,311,000. Finally, Jane Street Group LLC boosted its holdings in Fidelity Disruptive Communications ETF by 56.0% in the 1st quarter. Jane Street Group LLC now owns 95,295 shares of the company’s stock valued at $3,507,000 after purchasing an additional 34,203 shares during the period.

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.