The Fidelity MSCI Communication Services Index ETF (FCOM) experienced significant trading activity on Thursday, with over 1.8 million shares exchanged, drastically surpassing its three-month average of approximately 201,000 shares. The ETF rose by 0.4% during the day.
Key components driving the volume included Space Exploration Technologies, which saw an increase of 2.6% with over 66.7 million shares traded, and Warner Bros. Discovery, up by 1% on over 14 million shares. Reddit was the top performer among components, gaining 6.5%, while Cogent Communications Holdings lagged, down 6.8%.
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