Short Interest in Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Declines By 65.3%

Fidelity Disruptive Communications ETF (NASDAQ:FDCF) saw a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 332 shares, a decline of 65.3% from the June 15th total of 958 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 9,689 shares, the days-to-cover ratio is currently 0.0 days.

Fidelity Disruptive Communications ETF Stock Up 0.3%

FDCF traded up $0.14 during trading on Wednesday, hitting $51.09. 9,202 shares of the company traded hands, compared to its average volume of 9,304. Fidelity Disruptive Communications ETF has a one year low of $41.23 and a one year high of $53.48. The stock’s fifty day moving average is $49.73 and its 200 day moving average is $47.51. The firm has a market cap of $102.18 million, a P/E ratio of 26.94 and a beta of 1.20.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FDCF. Jane Street Group LLC lifted its stake in Fidelity Disruptive Communications ETF by 56.0% in the first quarter. Jane Street Group LLC now owns 95,295 shares of the company’s stock valued at $3,507,000 after purchasing an additional 34,203 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of Fidelity Disruptive Communications ETF in the third quarter valued at $59,000. Cape Investment Advisory Inc. raised its stake in shares of Fidelity Disruptive Communications ETF by 16.2% in the third quarter. Cape Investment Advisory Inc. now owns 5,150 shares of the company’s stock valued at $255,000 after buying an additional 718 shares during the period. BXM Wealth LLC purchased a new position in shares of Fidelity Disruptive Communications ETF during the 4th quarter valued at $257,000. Finally, Raleigh Capital Management Inc. purchased a new position in shares of Fidelity Disruptive Communications ETF during the 4th quarter valued at $44,000.

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.