Short Interest in Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Rises By 100.0%

Fidelity Disruptive Communications ETF (NASDAQ:FDCF) saw a large growth in short interest in March. As of March 15th, there was short interest totalling 200 shares, a growth of 100.0% from the February 28th total of 100 shares. Based on an average daily trading volume, of 10,100 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Fidelity Disruptive Communications ETF Price Performance

Shares of Fidelity Disruptive Communications ETF stock traded down $0.93 on Friday, hitting $37.04. The company had a trading volume of 6,433 shares, compared to its average volume of 7,284. Fidelity Disruptive Communications ETF has a 52 week low of $29.78 and a 52 week high of $42.00. The company has a market cap of $55.56 million, a PE ratio of 23.24 and a beta of 1.41. The business has a 50-day simple moving average of $39.42 and a 200-day simple moving average of $38.46.

Hedge Funds Weigh In On Fidelity Disruptive Communications ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC bought a new stake in shares of Fidelity Disruptive Communications ETF in the 4th quarter worth $1,427,000. Jane Street Group LLC raised its position in Fidelity Disruptive Communications ETF by 107.1% in the fourth quarter. Jane Street Group LLC now owns 61,092 shares of the company’s stock worth $2,308,000 after acquiring an additional 31,587 shares in the last quarter. Finally, Cape Investment Advisory Inc. raised its position in Fidelity Disruptive Communications ETF by 7.8% in the fourth quarter. Cape Investment Advisory Inc. now owns 3,842 shares of the company’s stock worth $145,000 after acquiring an additional 278 shares in the last quarter.

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.