Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Short Interest Down 32.9% in December

Fidelity Disruptive Communications ETF (NASDAQ:FDCF) was the target of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 33,100 shares, a decrease of 32.9% from the November 30th total of 49,300 shares. Based on an average daily volume of 7,400 shares, the days-to-cover ratio is presently 4.5 days.

Institutional Investors Weigh In On Fidelity Disruptive Communications ETF

A hedge fund recently bought a new stake in Fidelity Disruptive Communications ETF stock. Davies Financial Advisors Inc. purchased a new position in Fidelity Disruptive Communications ETF (NASDAQ:FDCF) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 6,915 shares of the company’s stock, valued at approximately $256,000. Davies Financial Advisors Inc. owned about 0.49% of Fidelity Disruptive Communications ETF as of its most recent SEC filing.

Fidelity Disruptive Communications ETF Stock Down 1.3 %

FDCF stock traded down $0.50 during trading on Friday, hitting $38.31. The company had a trading volume of 3,296 shares, compared to its average volume of 6,036. The firm has a 50-day moving average price of $38.59 and a 200-day moving average price of $36.43. Fidelity Disruptive Communications ETF has a 12 month low of $28.35 and a 12 month high of $40.56. The stock has a market cap of $53.63 million, a price-to-earnings ratio of 30.80 and a beta of 1.41.

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.