Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Sees Significant Decrease in Short Interest

Fidelity Disruptive Communications ETF (NASDAQ:FDCF) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 30,700 shares, a decline of 7.3% from the December 15th total of 33,100 shares. Based on an average daily trading volume, of 8,300 shares, the short-interest ratio is currently 3.7 days.

Fidelity Disruptive Communications ETF Stock Performance

NASDAQ FDCF traded up $0.35 during trading hours on Friday, reaching $38.98. 14,152 shares of the company’s stock were exchanged, compared to its average volume of 12,459. Fidelity Disruptive Communications ETF has a one year low of $29.26 and a one year high of $40.56. The company’s 50-day moving average is $38.67 and its two-hundred day moving average is $36.74. The company has a market capitalization of $58.47 million, a price-to-earnings ratio of 30.80 and a beta of 1.41.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Fidelity Disruptive Communications ETF stock. Davies Financial Advisors Inc. purchased a new stake in Fidelity Disruptive Communications ETF (NASDAQ:FDCF) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 6,915 shares of the company’s stock, valued at approximately $256,000. Davies Financial Advisors Inc. owned about 0.49% of Fidelity Disruptive Communications ETF at the end of the most recent quarter.

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.