Short Interest in Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Drops By 98.3%

Fidelity Disruptive Communications ETF (NASDAQ:FDCF) saw a large decline in short interest in February. As of February 28th, there was short interest totalling 100 shares, a decline of 98.3% from the February 13th total of 5,900 shares. Based on an average daily trading volume, of 10,700 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Fidelity Disruptive Communications ETF Stock Performance

FDCF opened at $37.38 on Thursday. Fidelity Disruptive Communications ETF has a fifty-two week low of $29.78 and a fifty-two week high of $42.00. The firm’s fifty day moving average is $39.56 and its 200 day moving average is $38.13. The stock has a market cap of $56.07 million, a price-to-earnings ratio of 23.52 and a beta of 1.41.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Cape Investment Advisory Inc. lifted its stake in shares of Fidelity Disruptive Communications ETF by 7.8% during the 4th quarter. Cape Investment Advisory Inc. now owns 3,842 shares of the company’s stock valued at $145,000 after buying an additional 278 shares in the last quarter. Strategic Financial Concepts LLC bought a new stake in Fidelity Disruptive Communications ETF in the 4th quarter valued at $1,427,000. Finally, Jane Street Group LLC increased its holdings in Fidelity Disruptive Communications ETF by 107.1% in the 4th 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.

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.