Short Interest in Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Rises By 88.6%

Fidelity Disruptive Communications ETF (NASDAQ:FDCF) was the target of a large 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. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 9,888 shares, the days-to-cover ratio is currently 0.1 days.

Fidelity Disruptive Communications ETF Price Performance

Fidelity Disruptive Communications ETF stock traded up $0.64 during trading hours on Wednesday, hitting $50.60. The stock had a trading volume of 16,138 shares, compared to its average volume of 9,555. Fidelity Disruptive Communications ETF has a 1-year low of $41.23 and a 1-year high of $53.48. The stock has a market capitalization of $106.26 million, a price-to-earnings ratio of 26.94 and a beta of 1.20. The stock’s fifty day moving average is $49.22 and its two-hundred day moving average is $47.28.

Institutional Investors Weigh In On Fidelity Disruptive Communications ETF

A number of large investors have recently added to or reduced their stakes in FDCF. Align Financial LLC acquired a new position in Fidelity Disruptive Communications ETF during the fourth quarter worth about $2,311,000. Jane Street Group LLC grew its position in shares of Fidelity Disruptive Communications ETF by 56.0% in the first 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 last quarter. VestGen Advisors LLC acquired a new stake in shares of Fidelity Disruptive Communications ETF in the fourth quarter valued at approximately $276,000. BXM Wealth LLC purchased a new position in shares of Fidelity Disruptive Communications ETF during the 4th quarter worth approximately $257,000. Finally, Advisory Services Network LLC purchased a new position in shares of Fidelity Disruptive Communications ETF during the 3rd quarter worth approximately $59,000.

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.