Fidelity Disruptive Communications ETF (NASDAQ:FDCF – Get Free Report) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 1,329 shares, an increase of 300.3% from the June 30th total of 332 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 7,015 shares, the short-interest ratio is presently 0.2 days.
Fidelity Disruptive Communications ETF Stock Performance
Shares of FDCF stock traded down $0.17 during trading hours on Friday, reaching $47.83. The company had a trading volume of 3,589 shares, compared to its average volume of 9,171. Fidelity Disruptive Communications ETF has a 12-month low of $41.23 and a 12-month high of $53.48. The company has a market capitalization of $95.66 million, a price-to-earnings ratio of 26.94 and a beta of 1.20. The stock has a fifty day moving average of $49.74 and a 200-day moving average of $47.57.
Institutional Trading of Fidelity Disruptive Communications ETF
Several large investors have recently added to or reduced their stakes in FDCF. Key Capital Management INC acquired a new stake in shares of Fidelity Disruptive Communications ETF in the 4th quarter worth $29,000. Raleigh Capital Management Inc. acquired a new position in shares of Fidelity Disruptive Communications ETF during the 4th quarter valued at about $44,000. Advisory Services Network LLC acquired a new position in shares of Fidelity Disruptive Communications ETF during the 3rd quarter valued at about $59,000. BXM Wealth LLC purchased a new stake in shares of Fidelity Disruptive Communications ETF in the fourth quarter valued at about $257,000. Finally, VestGen Advisors LLC purchased a new stake in shares of Fidelity Disruptive Communications ETF in the fourth quarter valued at about $276,000.
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.
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