Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Short Interest Up 16.1% in October

Fidelity Disruptive Communications ETF (NASDAQ:FDCF) was the target of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 32,400 shares, an increase of 16.1% from the October 15th total of 27,900 shares. Based on an average daily volume of 5,600 shares, the days-to-cover ratio is currently 5.8 days.

Hedge Funds Weigh In On Fidelity Disruptive Communications ETF

An institutional investor recently bought a new position in Fidelity Disruptive Communications ETF stock. Cape Investment Advisory Inc. purchased a new stake in shares of Fidelity Disruptive Communications ETF (NASDAQ:FDCF) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 890 shares of the company’s stock, valued at approximately $28,000. Cape Investment Advisory Inc. owned about 0.06% of Fidelity Disruptive Communications ETF at the end of the most recent reporting period.

Fidelity Disruptive Communications ETF Stock Down 1.5 %

NASDAQ:FDCF traded down $0.57 during midday trading on Friday, hitting $37.66. The company had a trading volume of 3,107 shares, compared to its average volume of 5,833. The company has a market capitalization of $52.72 million, a PE ratio of 30.80 and a beta of 1.41. Fidelity Disruptive Communications ETF has a 52-week low of $26.77 and a 52-week high of $40.56. The stock’s fifty day moving average price is $37.08 and its 200-day moving average price is $35.36.

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.