Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Short Interest Up 88.6% in June

Fidelity Disruptive Communications ETF (NASDAQ:FDCF) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totaling 958 shares, a growth of 88.6% from the May 31st total of 508 shares. Based on an average daily volume of 9,888 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Fidelity Disruptive Communications ETF Stock Performance

NASDAQ FDCF traded down $0.06 during trading on Friday, reaching $50.02. 3,815 shares of the company traded hands, compared to its average volume of 9,519. Fidelity Disruptive Communications ETF has a 1-year low of $41.23 and a 1-year high of $53.48. The company has a market cap of $100.04 million, a price-to-earnings ratio of 26.94 and a beta of 1.20. The stock’s 50 day moving average price is $49.31 and its two-hundred day moving average price is $47.31.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. VestGen Advisors LLC bought a new stake in shares of Fidelity Disruptive Communications ETF in the 4th quarter worth about $276,000. Align Financial LLC bought a new position in Fidelity Disruptive Communications ETF during the 4th quarter valued at about $2,311,000. Key Capital Management INC bought 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 in the fourth quarter valued at about $44,000. Finally, BXM Wealth LLC acquired a new position in Fidelity Disruptive Communications ETF in the fourth quarter valued at about $257,000.

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.