Short Interest in Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Decreases By 7.3%

Fidelity Disruptive Communications ETF (NASDAQ:FDCF) was the recipient of a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 30,700 shares, a decline of 7.3% from the December 15th total of 33,100 shares. Based on an average daily volume of 8,300 shares, the short-interest ratio is presently 3.7 days.

Fidelity Disruptive Communications ETF Stock Up 0.9 %

Shares of NASDAQ:FDCF traded up $0.35 during trading on Friday, reaching $38.98. 14,152 shares of the company traded hands, compared to its average volume of 12,459. The firm has a market capitalization of $58.47 million, a PE ratio of 30.80 and a beta of 1.41. Fidelity Disruptive Communications ETF has a 52 week low of $29.26 and a 52 week high of $40.56. The company’s 50 day moving average is $38.67 and its two-hundred day moving average is $36.74.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Fidelity Disruptive Communications ETF stock. Davies Financial Advisors Inc. bought a new position in Fidelity Disruptive Communications ETF (NASDAQ:FDCF) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 6,915 shares of the company’s stock, valued at approximately $256,000. Davies Financial Advisors Inc. owned approximately 0.49% of Fidelity Disruptive Communications ETF as of its most recent SEC filing.

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.