Short Interest in Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Increases By 600.0%

Fidelity Disruptive Communications ETF (NASDAQ:FDCF) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 1,400 shares, a growth of 600.0% from the March 15th total of 200 shares. Based on an average daily trading volume, of 10,800 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On Fidelity Disruptive Communications ETF

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

Fidelity Disruptive Communications ETF Stock Up 1.1 %

Shares of NASDAQ:FDCF opened at $35.21 on Tuesday. The company has a 50-day moving average price of $38.07 and a two-hundred day moving average price of $38.40. Fidelity Disruptive Communications ETF has a twelve month low of $29.78 and a twelve month high of $42.00. The firm has a market capitalization of $59.86 million, a PE ratio of 21.63 and a beta of 1.41.

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.