Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Short Interest Up 58.4% in March

Fidelity Disruptive Communications ETF (NASDAQ:FDCF) was the recipient of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 797 shares, an increase of 58.4% from the February 26th total of 503 shares. Based on an average daily volume of 8,273 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Trading of Fidelity Disruptive Communications ETF

Institutional investors and hedge funds have recently modified their holdings of the business. VestGen Advisors LLC purchased a new stake in shares of Fidelity Disruptive Communications ETF in the 4th quarter valued at about $276,000. Align Financial LLC purchased a new position in shares of Fidelity Disruptive Communications ETF during the fourth quarter worth about $2,311,000. Key Capital Management INC bought a new position in shares of Fidelity Disruptive Communications ETF in the fourth quarter worth approximately $29,000. Raleigh Capital Management Inc. purchased a new stake in Fidelity Disruptive Communications ETF in the fourth quarter valued at approximately $44,000. Finally, BXM Wealth LLC purchased a new stake in Fidelity Disruptive Communications ETF in the fourth quarter valued at approximately $257,000.

Fidelity Disruptive Communications ETF Trading Down 1.8%

Shares of Fidelity Disruptive Communications ETF stock traded down $0.74 during trading on Friday, hitting $41.51. The stock had a trading volume of 6,704 shares, compared to its average volume of 9,588. Fidelity Disruptive Communications ETF has a 12 month low of $31.11 and a 12 month high of $53.48. The firm has a market cap of $91.32 million, a price-to-earnings ratio of 26.94 and a beta of 1.19. The business’s 50-day moving average is $45.60 and its 200 day moving average is $47.30.

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.