Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Short Interest Update

Fidelity Disruptive Communications ETF (NASDAQ:FDCF) was the target of a significant decline in short interest in February. As of February 27th, there was short interest totaling 503 shares, a decline of 66.2% from the February 12th total of 1,487 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 7,643 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 7,643 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On Fidelity Disruptive Communications ETF

A number of large investors have recently added to or reduced their stakes in the stock. Cape Investment Advisory Inc. lifted its holdings in Fidelity Disruptive Communications ETF by 10.6% during the second quarter. Cape Investment Advisory Inc. now owns 4,432 shares of the company’s stock valued at $197,000 after purchasing an additional 425 shares in the last quarter. Key Capital Management INC purchased a new stake in shares of Fidelity Disruptive Communications ETF during the fourth quarter worth about $29,000. Raleigh Capital Management Inc. acquired a new position in shares of Fidelity Disruptive Communications ETF during the 4th quarter worth about $44,000. Advisory Services Network LLC acquired a new position in shares of Fidelity Disruptive Communications ETF during the 3rd quarter worth about $59,000. Finally, BXM Wealth LLC purchased a new position in Fidelity Disruptive Communications ETF in the 4th quarter valued at about $257,000.

Fidelity Disruptive Communications ETF Price Performance

Shares of FDCF stock opened at $45.31 on Wednesday. Fidelity Disruptive Communications ETF has a 1-year low of $31.11 and a 1-year high of $53.48. The company has a market cap of $99.68 million, a price-to-earnings ratio of 26.94 and a beta of 1.19. The stock has a 50 day simple moving average of $46.82 and a 200-day simple moving average of $47.63.

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.