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

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

Fidelity Disruptive Communications ETF Stock Up 0.9 %

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

Institutional Trading of Fidelity Disruptive Communications ETF

An institutional investor recently bought a new position in Fidelity Disruptive Communications ETF stock. Davies Financial Advisors Inc. acquired a new stake in Fidelity Disruptive Communications ETF (NASDAQ:FDCF) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,915 shares of the company’s stock, valued at approximately $256,000. Davies Financial Advisors Inc. owned 0.49% of Fidelity Disruptive Communications ETF at the end of the most recent reporting period.

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.