Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Sees Significant Drop in Short Interest

Fidelity Disruptive Communications ETF (NASDAQ:FDCF) was the recipient of a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 30,000 shares, a decrease of 7.4% from the October 31st total of 32,400 shares. Based on an average daily volume of 5,700 shares, the days-to-cover ratio is presently 5.3 days.

Fidelity Disruptive Communications ETF Stock Performance

NASDAQ FDCF opened at $39.50 on Wednesday. The business has a fifty day moving average price of $38.01 and a 200 day moving average price of $35.87. Fidelity Disruptive Communications ETF has a one year low of $27.51 and a one year high of $40.56. The company has a market cap of $55.30 million, a P/E ratio of 30.80 and a beta of 1.41.

Institutional Trading of Fidelity Disruptive Communications ETF

A hedge fund recently bought a new stake 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 its most recent disclosure 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 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.