Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Sees Significant Decline in Short Interest

Fidelity Disruptive Communications ETF (NASDAQ:FDCF) was the target of a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 1,687 shares, a decline of 75.8% from the January 15th total of 6,974 shares. Based on an average trading volume of 12,198 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 12,198 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Key Capital Management INC bought a new stake in Fidelity Disruptive Communications ETF during the fourth quarter valued at approximately $29,000. Raleigh Capital Management Inc. purchased a new position in shares of Fidelity Disruptive Communications ETF during the fourth quarter worth approximately $44,000. Advisory Services Network LLC bought a new stake in Fidelity Disruptive Communications ETF in the third quarter worth $59,000. Cape Investment Advisory Inc. boosted its holdings in Fidelity Disruptive Communications ETF by 10.6% during the 2nd quarter. Cape Investment Advisory Inc. now owns 4,432 shares of the company’s stock valued at $197,000 after acquiring an additional 425 shares during the period. Finally, BXM Wealth LLC purchased a new stake in shares of Fidelity Disruptive Communications ETF during the fourth quarter valued at approximately $257,000.

Fidelity Disruptive Communications ETF Stock Performance

Fidelity Disruptive Communications ETF stock traded down $0.33 during midday trading on Wednesday, reaching $46.16. 6,296 shares of the stock were exchanged, compared to its average volume of 11,628. Fidelity Disruptive Communications ETF has a 52 week low of $31.11 and a 52 week high of $53.48. The firm has a market cap of $101.55 million, a PE ratio of 26.94 and a beta of 1.19. The company’s fifty day moving average is $47.71 and its 200-day moving average is $47.65.

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.