Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Short Interest Up 118.5% in February

Fidelity Disruptive Communications ETF (NASDAQ:FDCF) was the recipient of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 5,900 shares, an increase of 118.5% from the January 31st total of 2,700 shares. Based on an average daily trading volume, of 10,000 shares, the short-interest ratio is currently 0.6 days.

Hedge Funds Weigh In On Fidelity Disruptive Communications ETF

Institutional investors have recently bought and sold shares of the stock. Cape Investment Advisory Inc. raised its holdings in Fidelity Disruptive Communications ETF by 7.8% in the 4th quarter. Cape Investment Advisory Inc. now owns 3,842 shares of the company’s stock worth $145,000 after purchasing an additional 278 shares during the period. Strategic Financial Concepts LLC bought a new position in Fidelity Disruptive Communications ETF in the 4th quarter worth $1,427,000. Finally, Jane Street Group LLC raised its holdings in Fidelity Disruptive Communications ETF by 107.1% in the 4th quarter. Jane Street Group LLC now owns 61,092 shares of the company’s stock worth $2,308,000 after purchasing an additional 31,587 shares during the period.

Fidelity Disruptive Communications ETF Stock Performance

Shares of FDCF stock traded up $0.16 on Friday, reaching $38.97. The stock had a trading volume of 5,728 shares, compared to its average volume of 11,775. The stock has a market cap of $58.46 million, a P/E ratio of 28.92 and a beta of 1.41. Fidelity Disruptive Communications ETF has a 1 year low of $29.78 and a 1 year high of $42.00. The company has a 50 day simple moving average of $39.61 and a 200 day simple moving average of $37.94.

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.