Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Sees Large Decline in Short Interest

Fidelity Disruptive Communications ETF (NASDAQ:FDCF) saw a large decline in short interest in August. As of August 31st, there was short interest totalling 19,400 shares, a decline of 7.6% from the August 15th total of 21,000 shares. Based on an average daily trading volume, of 7,200 shares, the days-to-cover ratio is presently 2.7 days.

Institutional Investors Weigh In On Fidelity Disruptive Communications ETF

A hedge fund recently bought a new stake in Fidelity Disruptive Communications ETF stock. Cape Investment Advisory Inc. acquired a new stake in shares of Fidelity Disruptive Communications ETF (NASDAQ:FDCF) during the first quarter, according to its most recent filing with the SEC. The fund acquired 890 shares of the company’s stock, valued at approximately $28,000. Cape Investment Advisory Inc. owned 0.06% of Fidelity Disruptive Communications ETF as of its most recent filing with the SEC.

Fidelity Disruptive Communications ETF Stock Up 0.1 %

Shares of FDCF stock traded up $0.02 during mid-day trading on Wednesday, reaching $34.84. 2,821 shares of the stock traded hands, compared to its average volume of 5,620. The company has a market cap of $49.12 million, a price-to-earnings ratio of 30.80 and a beta of 1.41. The stock’s fifty day simple moving average is $34.30 and its two-hundred day simple moving average is $33.59. Fidelity Disruptive Communications ETF has a 1-year low of $23.66 and a 1-year high of $36.91.

Fidelity Disruptive Communications ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 25th. Shareholders of record on Friday, June 21st were given a $0.026 dividend. This represents a $0.10 annualized dividend and a yield of 0.30%. The ex-dividend date of this dividend was Friday, June 21st.

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.