Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Short Interest Down 65.3% in June

Fidelity Disruptive Communications ETF (NASDAQ:FDCF) was the target of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 332 shares, a decrease of 65.3% from the June 15th total of 958 shares. Based on an average daily volume of 9,689 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 Price Performance

Fidelity Disruptive Communications ETF stock traded up $0.14 during mid-day trading on Tuesday, reaching $50.91. The company had a trading volume of 3,262 shares, compared to its average volume of 9,301. The company has a market capitalization of $101.82 million, a P/E ratio of 26.94 and a beta of 1.20. The stock’s 50-day simple moving average is $49.69 and its 200-day simple moving average is $47.49. Fidelity Disruptive Communications ETF has a 1 year low of $41.23 and a 1 year high of $53.48.

Institutional Trading of Fidelity Disruptive Communications ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FDCF. Jane Street Group LLC grew its stake in Fidelity Disruptive Communications ETF by 56.0% in the 1st quarter. Jane Street Group LLC now owns 95,295 shares of the company’s stock worth $3,507,000 after acquiring an additional 34,203 shares during the period. Align Financial LLC acquired a new stake in shares of Fidelity Disruptive Communications ETF in the fourth quarter worth $2,311,000. VestGen Advisors LLC acquired a new stake in Fidelity Disruptive Communications ETF in the 4th quarter valued at $276,000. BXM Wealth LLC acquired a new position in shares of Fidelity Disruptive Communications ETF during the fourth quarter worth about $257,000. Finally, Cape Investment Advisory Inc. boosted its position in shares of Fidelity Disruptive Communications ETF by 16.2% in the third quarter. Cape Investment Advisory Inc. now owns 5,150 shares of the company’s stock worth $255,000 after buying an additional 718 shares during the 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.