Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Short Interest Up 118.5% in February

Fidelity Disruptive Communications ETF (NASDAQ:FDCF) was the recipient of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 5,900 shares, an increase of 118.5% from the January 31st total of 2,700 shares. Based on an average daily volume of 10,000 shares, the short-interest ratio is presently 0.6 days.

Hedge Funds Weigh In On Fidelity Disruptive Communications ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cape Investment Advisory Inc. raised its stake in Fidelity Disruptive Communications ETF by 7.8% in the 4th quarter. Cape Investment Advisory Inc. now owns 3,842 shares of the company’s stock worth $145,000 after acquiring an additional 278 shares during the last quarter. Jane Street Group LLC raised its stake 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 worth $2,308,000 after acquiring an additional 31,587 shares during the last quarter. Finally, Strategic Financial Concepts LLC purchased a new position in Fidelity Disruptive Communications ETF in the 4th quarter worth $1,427,000.

Fidelity Disruptive Communications ETF Trading Up 0.4 %

Shares of FDCF traded up $0.16 during midday trading on Friday, hitting $38.97. 5,728 shares of the company’s stock traded hands, compared to its average volume of 11,775. Fidelity Disruptive Communications ETF has a 1 year low of $29.78 and a 1 year high of $42.00. The firm’s fifty day moving average is $39.61 and its 200-day moving average is $37.94. The stock has a market capitalization of $58.46 million, a price-to-earnings ratio of 28.92 and a beta of 1.41.

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.