Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Sees Large Increase in Short Interest

Fidelity Disruptive Communications ETF (NASDAQ:FDCF) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totaling 2,068 shares, an increase of 159.5% from the March 15th total of 797 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 9,057 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On Fidelity Disruptive Communications ETF

Large investors have recently modified their holdings of the company. Key Capital Management INC purchased a new position in shares of Fidelity Disruptive Communications ETF during the 4th quarter valued at about $29,000. Raleigh Capital Management Inc. purchased a new position in shares of Fidelity Disruptive Communications ETF during the 4th quarter valued at about $44,000. Advisory Services Network LLC purchased a new position in shares of Fidelity Disruptive Communications ETF during the 3rd quarter valued at about $59,000. Cape Investment Advisory Inc. raised its holdings in shares of Fidelity Disruptive Communications ETF by 10.6% during the 2nd quarter. Cape Investment Advisory Inc. now owns 4,432 shares of the company’s stock valued at $197,000 after buying an additional 425 shares in the last quarter. Finally, BXM Wealth LLC purchased a new position in shares of Fidelity Disruptive Communications ETF during the 4th quarter valued at about $257,000.

Fidelity Disruptive Communications ETF Trading Up 0.8%

Shares of Fidelity Disruptive Communications ETF stock traded up $0.34 on Monday, hitting $45.45. 14,670 shares of the company traded hands, compared to its average volume of 9,992. The firm’s 50-day simple moving average is $44.77 and its 200 day simple moving average is $46.88. The company has a market cap of $99.99 million, a P/E ratio of 26.94 and a beta of 1.22. Fidelity Disruptive Communications ETF has a 12-month low of $33.65 and a 12-month high of $53.48.

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.