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

Fidelity Disruptive Communications ETF (NASDAQ:FDCF) was the target of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 100 shares, a drop of 98.3% from the February 13th total of 5,900 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 10,700 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On Fidelity Disruptive Communications ETF

Several large investors have recently made changes to their positions in FDCF. Cape Investment Advisory Inc. grew its holdings in Fidelity Disruptive Communications ETF by 7.8% in the 4th quarter. Cape Investment Advisory Inc. now owns 3,842 shares of the company’s stock valued at $145,000 after buying an additional 278 shares during the last quarter. Jane Street Group LLC boosted its position in shares of 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 valued at $2,308,000 after acquiring an additional 31,587 shares during the period. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of Fidelity Disruptive Communications ETF in the fourth quarter worth $1,427,000.

Fidelity Disruptive Communications ETF Price Performance

Fidelity Disruptive Communications ETF stock opened at $36.67 on Friday. Fidelity Disruptive Communications ETF has a fifty-two week low of $29.78 and a fifty-two week high of $42.00. The firm has a fifty day moving average price of $39.53 and a two-hundred day moving average price of $38.12. The firm has a market cap of $55.00 million, a price-to-earnings ratio of 23.52 and a beta of 1.41.

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.