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

Fidelity Disruptive Communications ETF (NASDAQ:FDCF) was the recipient of a significant decrease in short interest in December. As of December 31st, there was short interest totalling 30,700 shares, a decrease 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 currently 3.7 days.

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 stake in Fidelity Disruptive Communications ETF (NASDAQ:FDCF) during the third quarter, according to its most recent filing with the SEC. The firm bought 6,915 shares of the company’s stock, valued at approximately $256,000. Davies Financial Advisors Inc. owned about 0.49% of Fidelity Disruptive Communications ETF at the end of the most recent quarter.

Fidelity Disruptive Communications ETF Trading Up 0.9 %

NASDAQ FDCF traded up $0.35 during trading on Friday, hitting $38.98. 14,152 shares of the company traded hands, compared to its average volume of 12,459. Fidelity Disruptive Communications ETF has a 12 month low of $29.26 and a 12 month high of $40.56. The business has a fifty day simple moving average of $38.67 and a 200 day simple moving average of $36.74. The company has a market capitalization of $58.47 million, a P/E ratio of 30.80 and a beta of 1.41.

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.