Short Interest in Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Expands By 600.0%

Fidelity Disruptive Communications ETF (NASDAQ:FDCF) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 1,400 shares, an increase of 600.0% from the March 15th total of 200 shares. Based on an average daily trading volume, of 10,800 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

Hedge Funds Weigh In On Fidelity Disruptive Communications ETF

A number of institutional investors have recently made changes to their positions in the business. Cape Investment Advisory Inc. raised its holdings in Fidelity Disruptive Communications ETF by 7.8% in the fourth quarter. Cape Investment Advisory Inc. now owns 3,842 shares of the company’s stock valued at $145,000 after acquiring an additional 278 shares in the last quarter. Strategic Financial Concepts LLC acquired a new stake in Fidelity Disruptive Communications ETF during the fourth quarter valued at approximately $1,427,000. Finally, Jane Street Group LLC increased its holdings in shares of 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 valued at $2,308,000 after acquiring an additional 31,587 shares during the last quarter.

Fidelity Disruptive Communications ETF Stock Performance

Shares of FDCF stock traded down $0.45 on Wednesday, hitting $34.87. The stock had a trading volume of 870 shares, compared to its average volume of 7,575. Fidelity Disruptive Communications ETF has a 52-week low of $29.78 and a 52-week high of $42.00. The firm has a market capitalization of $59.28 million, a price-to-earnings ratio of 21.63 and a beta of 1.41. The stock’s 50 day moving average is $37.96 and its 200-day moving average is $38.37.

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.