Short Interest in Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Declines By 67.1%

Fidelity Disruptive Communications ETF (NASDAQ:FDCF) was the recipient of a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 2,700 shares, a decline of 67.1% from the January 15th total of 8,200 shares. Based on an average trading volume of 9,300 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On Fidelity Disruptive Communications ETF

An institutional investor recently bought a new position in Fidelity Disruptive Communications ETF stock. Strategic Financial Concepts LLC purchased a new position in shares of Fidelity Disruptive Communications ETF (NASDAQ:FDCF) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 37,771 shares of the company’s stock, valued at approximately $1,427,000. Strategic Financial Concepts LLC owned 2.52% of Fidelity Disruptive Communications ETF as of its most recent SEC filing.

Fidelity Disruptive Communications ETF Trading Down 0.5 %

Shares of Fidelity Disruptive Communications ETF stock traded down $0.22 on Wednesday, hitting $41.25. The stock had a trading volume of 18,713 shares, compared to its average volume of 10,700. The company’s 50 day moving average price is $39.24 and its 200 day moving average price is $37.32. The stock has a market cap of $65.99 million, a price-to-earnings ratio of 30.80 and a beta of 1.41. Fidelity Disruptive Communications ETF has a 52-week low of $29.78 and a 52-week high of $41.59.

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.