Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Short Interest Down 7.6% in August

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

Fidelity Disruptive Communications ETF Price Performance

Shares of FDCF stock traded down $0.07 on Thursday, reaching $34.75. 3,033 shares of the company were exchanged, compared to its average volume of 5,621. The company has a market cap of $49.00 million, a price-to-earnings ratio of 30.80 and a beta of 1.41. The company has a 50-day moving average of $34.26 and a 200-day moving average of $33.61. Fidelity Disruptive Communications ETF has a one year low of $23.66 and a one year high of $36.91.

Hedge Funds Weigh In On Fidelity Disruptive Communications ETF

An institutional investor recently bought a new position in Fidelity Disruptive Communications ETF stock. Cape Investment Advisory Inc. acquired a new position in Fidelity Disruptive Communications ETF (NASDAQ:FDCF) in the 1st quarter, according to its most recent Form 13F filing with the Securities & 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.

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.