The Fidelity MSCI Communication Services Index ETF (FCOM) is attracting significant attention in afternoon trading on Thursday, September 10, 2026.
Volume has surged to over 1.8 million shares traded, compared to the fund’s three-month average volume of approximately 201,000 shares.
That represents roughly nine times the typical daily trading activity, a notable spike that has drawn attention from market watchers across the sector.
Shares of FCOM were up about 0.4% on the day, a modest gain that reflects broader movement across the ETF’s underlying holdings.
Space Exploration Technologies emerged as one of the standout movers among FCOM components, climbing about 2.6% with over 66.7 million shares changing hands in the session.
Warner Bros. Discovery (WBD) also contributed to the day’s activity, rising about 1% on volume exceeding 14.0 million shares during Thursday’s session.
Reddit (RDDT) is the top-performing component within the Fidelity MSCI Communication Services Index ETF on the day, surging approximately 6.5%.
The strong Reddit rally stands out as a clear driver of investor interest in the broader communication services space heading into the afternoon.
On the downside, Cogent Communications Holdings (CCOI) is the weakest link among FCOM components, trading lower by about 6.8% on the day.
The divergence between Reddit’s gains and Cogent’s losses illustrates the mixed conditions playing out across the communication services segment on Thursday.
ETFs like FCOM offer investors broad exposure to the communication services sector, which spans everything from telecommunications and media to internet platforms and satellite operations.
Unusual volume events in ETFs can signal shifting institutional interest, sector rotation, or heightened retail activity in the underlying holdings.
With FCOM’s volume running so far above its three-month average, Thursday’s session will likely be closely reviewed by analysts tracking communication services sector trends.
