Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Short Interest Up 100.0% in March

Fidelity Disruptive Communications ETF (NASDAQ:FDCF) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 200 shares, a growth of 100.0% from the February 28th total of 100 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 10,100 shares, the short-interest ratio is currently 0.0 days.

Fidelity Disruptive Communications ETF Trading Down 2.4 %

Shares of FDCF stock traded down $0.93 during trading hours on Friday, hitting $37.04. 6,433 shares of the company were exchanged, compared to its average volume of 7,284. The company has a market capitalization of $55.56 million, a PE ratio of 23.24 and a beta of 1.41. Fidelity Disruptive Communications ETF has a 52 week low of $29.78 and a 52 week high of $42.00. The business has a 50 day moving average of $39.42 and a two-hundred day moving average of $38.46.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Strategic Financial Concepts LLC acquired a new stake in Fidelity Disruptive Communications ETF in the 4th quarter valued at approximately $1,427,000. Jane Street Group LLC increased its position in shares of Fidelity Disruptive Communications ETF by 107.1% in the fourth quarter. Jane Street Group LLC now owns 61,092 shares of the company’s stock valued at $2,308,000 after acquiring an additional 31,587 shares during the last quarter. Finally, Cape Investment Advisory Inc. boosted its position in Fidelity Disruptive Communications ETF by 7.8% during the fourth quarter. Cape Investment Advisory Inc. now owns 3,842 shares of the company’s stock valued at $145,000 after purchasing an additional 278 shares during the last quarter.

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.