Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Short Interest Update

Fidelity Disruptive Communications ETF (NASDAQ:FDCF) saw a large decline in short interest in January. As of January 31st, there was short interest totalling 2,700 shares, a decline of 67.1% from the January 15th total of 8,200 shares. Based on an average daily trading volume, of 9,300 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On Fidelity Disruptive Communications ETF

A hedge fund recently bought a new stake in Fidelity Disruptive Communications ETF stock. Strategic Financial Concepts LLC purchased a new stake in shares of Fidelity Disruptive Communications ETF (NASDAQ:FDCF) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 37,771 shares of the company’s stock, valued at approximately $1,427,000. Strategic Financial Concepts LLC owned approximately 2.52% of Fidelity Disruptive Communications ETF at the end of the most recent quarter.

Fidelity Disruptive Communications ETF Stock Down 0.5 %

Shares of FDCF traded down $0.22 during mid-day trading on Wednesday, reaching $41.25. The company’s stock had a trading volume of 18,713 shares, compared to its average volume of 10,700. Fidelity Disruptive Communications ETF has a 1 year low of $29.78 and a 1 year high of $41.59. The company has a market cap of $65.99 million, a price-to-earnings ratio of 30.80 and a beta of 1.41. The business has a fifty day moving average of $39.24 and a 200 day moving average of $37.32.

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.