Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Short Interest Down 54.3% in April

Fidelity Disruptive Communications ETF (NASDAQ:FDCF) was the target of a large drop in short interest in April. As of April 30th, there was short interest totaling 658 shares, a drop of 54.3% from the April 15th total of 1,439 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 6,315 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. VestGen Advisors LLC bought a new position in shares of Fidelity Disruptive Communications ETF in the 4th quarter worth about $276,000. Align Financial LLC acquired a new position in Fidelity Disruptive Communications ETF during the 4th quarter valued at about $2,311,000. Key Capital Management INC acquired a new position in Fidelity Disruptive Communications ETF during the 4th quarter valued at about $29,000. Raleigh Capital Management Inc. acquired a new position in Fidelity Disruptive Communications ETF during the 4th quarter valued at about $44,000. Finally, BXM Wealth LLC acquired a new position in shares of Fidelity Disruptive Communications ETF in the 4th quarter worth approximately $257,000.

Fidelity Disruptive Communications ETF Price Performance

FDCF traded down $0.55 during trading hours on Friday, reaching $49.31. 15,517 shares of the stock traded hands, compared to its average volume of 9,553. The firm’s fifty day simple moving average is $45.95 and its two-hundred day simple moving average is $46.80. The company has a market cap of $103.55 million, a price-to-earnings ratio of 26.94 and a beta of 1.21. Fidelity Disruptive Communications ETF has a fifty-two week low of $40.00 and a fifty-two week high of $53.48.

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.