Short Interest in Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Grows By 300.3%

Fidelity Disruptive Communications ETF (NASDAQ:FDCF) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 1,329 shares, a growth of 300.3% from the June 30th total of 332 shares. Based on an average trading volume of 7,015 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

Fidelity Disruptive Communications ETF Price Performance

Shares of FDCF opened at $48.12 on Tuesday. The firm’s 50 day moving average is $49.71 and its 200-day moving average is $47.56. The stock has a market capitalization of $96.24 million, a P/E ratio of 26.94 and a beta of 1.20. Fidelity Disruptive Communications ETF has a 12-month low of $41.23 and a 12-month high of $53.48.

Institutional Trading of Fidelity Disruptive Communications ETF

A number of large investors have recently added to or reduced their stakes in the business. Jane Street Group LLC grew its position 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 worth $3,507,000 after buying an additional 34,203 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of Fidelity Disruptive Communications ETF during the 3rd quarter valued at $59,000. BXM Wealth LLC bought a new stake in shares of Fidelity Disruptive Communications ETF during the 4th quarter worth $257,000. Raleigh Capital Management Inc. bought a new stake in shares of Fidelity Disruptive Communications ETF during the 4th quarter worth $44,000. Finally, Key Capital Management INC bought a new stake in shares of Fidelity Disruptive Communications ETF during the 4th quarter worth $29,000.

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.