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

Fidelity Disruptive Communications ETF (NASDAQ:FDCF) was the target of a large increase in short interest in September. As of September 30th, there was short interest totalling 20,100 shares, an increase of 18.2% from the September 15th total of 17,000 shares. Based on an average trading volume of 5,200 shares, the short-interest ratio is currently 3.9 days.

Institutional Trading of Fidelity Disruptive Communications ETF

A hedge fund recently bought a new stake in Fidelity Disruptive Communications ETF stock. Cape Investment Advisory Inc. bought a new position in Fidelity Disruptive Communications ETF (NASDAQ:FDCF) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 890 shares of the company’s stock, valued at approximately $28,000. Cape Investment Advisory Inc. owned about 0.06% of Fidelity Disruptive Communications ETF at the end of the most recent quarter.

Fidelity Disruptive Communications ETF Price Performance

Shares of FDCF traded up $0.14 during mid-day trading on Wednesday, reaching $37.77. The company had a trading volume of 1,785 shares, compared to its average volume of 5,511. The company’s 50-day moving average is $35.30 and its 200-day moving average is $34.30. Fidelity Disruptive Communications ETF has a twelve month low of $23.66 and a twelve month high of $38.41. The company has a market capitalization of $53.26 million, a P/E ratio of 30.80 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.