Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Short Interest Down 75.8% in January

Fidelity Disruptive Communications ETF (NASDAQ:FDCF) saw a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 1,687 shares, a drop of 75.8% from the January 15th total of 6,974 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 12,198 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 12,198 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are short sold.

Fidelity Disruptive Communications ETF Trading Down 0.7%

NASDAQ FDCF traded down $0.33 on Wednesday, hitting $46.16. 6,296 shares of the company were exchanged, compared to its average volume of 11,628. The company has a market cap of $101.55 million, a PE ratio of 26.94 and a beta of 1.19. The stock has a fifty day moving average of $47.71 and a 200-day moving average of $47.65. Fidelity Disruptive Communications ETF has a 12 month low of $31.11 and a 12 month high of $53.48.

Hedge Funds Weigh In On Fidelity Disruptive Communications ETF

A number of institutional investors have recently modified their holdings of the company. Jane Street Group LLC lifted its holdings in shares of Fidelity Disruptive Communications ETF by 56.0% in the 1st quarter. Jane Street Group LLC now owns 95,295 shares of the company’s stock worth $3,507,000 after purchasing an additional 34,203 shares in the last quarter. AE Wealth Management LLC lifted its stake in shares of Fidelity Disruptive Communications ETF by 105.4% in the third quarter. AE Wealth Management LLC now owns 21,117 shares of the company’s stock valued at $1,046,000 after buying an additional 10,838 shares in the last quarter. BXM Wealth LLC acquired a new position in shares of Fidelity Disruptive Communications ETF during the fourth quarter valued at about $257,000. Cape Investment Advisory Inc. increased its position in shares of Fidelity Disruptive Communications ETF by 16.2% during the third quarter. Cape Investment Advisory Inc. now owns 5,150 shares of the company’s stock worth $255,000 after acquiring an additional 718 shares in the last quarter. Finally, Advisory Services Network LLC bought a new stake in shares of Fidelity Disruptive Communications ETF during the third quarter worth about $59,000.

About Fidelity Disruptive Communications ETF

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.