Fidelity Disruptive Communications ETF (NASDAQ:FDCF – Get Free Report) was the recipient of a large growth in short interest in February. As of February 15th, there was short interest totalling 5,900 shares, a growth 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.
Fidelity Disruptive Communications ETF Trading Up 0.4 %
NASDAQ FDCF traded up $0.16 during trading hours on Friday, hitting $38.97. 5,728 shares of the company’s stock traded hands, compared to its average volume of 11,775. The firm has a market capitalization of $58.46 million, a P/E ratio of 28.92 and a beta of 1.41. Fidelity Disruptive Communications ETF has a 52 week low of $29.78 and a 52 week high of $42.00. The business’s fifty day moving average price is $39.61 and its two-hundred day moving average price is $37.96.
Institutional Investors Weigh In On Fidelity Disruptive Communications ETF
Several hedge funds and other institutional investors have recently made changes to their positions in FDCF. Jane Street Group LLC grew its holdings in Fidelity Disruptive Communications ETF by 107.1% during 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 in the last quarter. Cape Investment Advisory Inc. grew its holdings in 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 worth $145,000 after acquiring an additional 278 shares in the last quarter. Finally, Strategic Financial Concepts LLC bought a new position in Fidelity Disruptive Communications ETF during the 4th quarter worth about $1,427,000.
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.
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