Short Interest in Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Increases By 286.8%

Fidelity Disruptive Communications ETF (NASDAQ:FDCF) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 6,974 shares, a growth of 286.8% from the December 31st total of 1,803 shares. Based on an average daily volume of 12,854 shares, the short-interest ratio is presently 0.5 days. Currently, 0.3% of the company’s shares are sold short. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 12,854 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of FDCF. Key Capital Management INC purchased a new position in shares of Fidelity Disruptive Communications ETF during the 4th quarter worth approximately $29,000. Raleigh Capital Management Inc. purchased a new position in Fidelity Disruptive Communications ETF in the 4th quarter valued at approximately $44,000. Advisory Services Network LLC purchased a new position in Fidelity Disruptive Communications ETF in the 3rd quarter valued at approximately $59,000. Cape Investment Advisory Inc. grew its stake in shares of Fidelity Disruptive Communications ETF by 10.6% in the second quarter. Cape Investment Advisory Inc. now owns 4,432 shares of the company’s stock worth $197,000 after acquiring an additional 425 shares in the last quarter. Finally, BXM Wealth LLC purchased a new stake in shares of Fidelity Disruptive Communications ETF during the fourth quarter worth $257,000.

Fidelity Disruptive Communications ETF Price Performance

FDCF traded down $0.34 during trading hours on Thursday, reaching $48.36. The company’s stock had a trading volume of 3,507 shares, compared to its average volume of 12,681. The business’s 50-day moving average is $47.71 and its 200-day moving average is $47.54. The stock has a market cap of $106.38 million, a PE ratio of 26.94 and a beta of 1.19. Fidelity Disruptive Communications ETF has a fifty-two week low of $31.11 and a fifty-two week high of $53.48.

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.