Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Sees Large Increase in Short Interest

Fidelity Disruptive Communications ETF (NASDAQ:FDCF) was the recipient of 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 trading volume of 12,854 shares, the short-interest ratio is currently 0.5 days. Approximately 0.3% of the shares of the stock are sold short. Approximately 0.3% of the shares of the stock are sold short. Based on an average trading volume of 12,854 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On Fidelity Disruptive Communications ETF

A number of large investors have recently bought and sold shares of the stock. Jane Street Group LLC grew its stake in Fidelity Disruptive Communications ETF by 56.0% during the first quarter. Jane Street Group LLC now owns 95,295 shares of the company’s stock worth $3,507,000 after buying an additional 34,203 shares during the period. AE Wealth Management LLC acquired a new stake in Fidelity Disruptive Communications ETF in the second quarter valued at $457,000. Cape Investment Advisory Inc. raised its stake in shares of Fidelity Disruptive Communications ETF by 10.6% in the 2nd 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. Advisory Services Network LLC acquired a new stake in Fidelity Disruptive Communications ETF during the third quarter valued at approximately $59,000. Finally, BXM Wealth LLC acquired a new stake in shares of Fidelity Disruptive Communications ETF during the 4th quarter valued at approximately $257,000.

Fidelity Disruptive Communications ETF Stock Up 0.5%

Shares of FDCF traded up $0.24 on Wednesday, reaching $48.90. The stock had a trading volume of 7,771 shares, compared to its average volume of 12,871. The firm has a 50-day moving average of $47.65 and a 200 day moving average of $47.53. The firm has a market capitalization of $107.57 million, a PE ratio of 26.94 and a beta of 1.19. Fidelity Disruptive Communications ETF has a twelve month low of $31.11 and a twelve month high of $53.48.

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.