Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Short Interest Update

Fidelity Disruptive Communications ETF (NASDAQ:FDCF) was the target of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 32,400 shares, an increase of 16.1% from the October 15th total of 27,900 shares. Based on an average trading volume of 5,600 shares, the days-to-cover ratio is presently 5.8 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) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 890 shares of the company’s stock, valued at approximately $28,000. Cape Investment Advisory Inc. owned about 0.06% of Fidelity Disruptive Communications ETF as of its most recent SEC filing.

Fidelity Disruptive Communications ETF Stock Down 1.5 %

Shares of FDCF opened at $37.66 on Monday. The firm has a market cap of $52.72 million, a price-to-earnings ratio of 30.80 and a beta of 1.41. The business’s 50 day moving average is $37.08 and its two-hundred day moving average is $35.38. Fidelity Disruptive Communications ETF has a 52-week low of $26.77 and a 52-week high of $40.56.

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.