Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM – Get Free Report) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 195,138 shares, a growth of 72.9% from the May 14th total of 112,841 shares. Approximately 0.8% of the shares of the stock are short sold. Based on an average daily volume of 115,737 shares, the short-interest ratio is currently 1.7 days.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in FFSM. Royal Bank of Canada grew its holdings in Fidelity Fundamental Small-Mid Cap ETF by 258.0% during the 1st quarter. Royal Bank of Canada now owns 27,843 shares of the company’s stock valued at $703,000 after buying an additional 20,065 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Fidelity Fundamental Small-Mid Cap ETF by 15.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 49,247 shares of the company’s stock valued at $1,339,000 after buying an additional 6,507 shares in the last quarter. Benjamin Edwards Inc. grew its holdings in Fidelity Fundamental Small-Mid Cap ETF by 15.0% during the 2nd quarter. Benjamin Edwards Inc. now owns 13,202 shares of the company’s stock valued at $359,000 after buying an additional 1,721 shares in the last quarter. Geneos Wealth Management Inc. purchased a new position in Fidelity Fundamental Small-Mid Cap ETF during the 2nd quarter valued at about $101,000. Finally, Osaic Holdings Inc. grew its holdings in Fidelity Fundamental Small-Mid Cap ETF by 230.6% during the 2nd quarter. Osaic Holdings Inc. now owns 11,021 shares of the company’s stock valued at $300,000 after buying an additional 7,687 shares in the last quarter.
Fidelity Fundamental Small-Mid Cap ETF Price Performance
Shares of BATS FFSM opened at $37.14 on Monday. The company has a market cap of $947.07 million, a P/E ratio of 16.79 and a beta of 1.09. Fidelity Fundamental Small-Mid Cap ETF has a 52 week low of $26.10 and a 52 week high of $37.25. The business has a 50-day simple moving average of $35.27 and a two-hundred day simple moving average of $33.30.
Fidelity Fundamental Small-Mid Cap ETF Company Profile
The Fidelity Fundamental Small-Mid Cap ETF (FFSM) is an exchange-traded fund that mostly invests in extended market equity. The fund is an actively managed, non-transparent ETF that invests in global stocks with small to medium capitalization. The fund utilizes the Fidelity non-transparent model. FFSM was launched on Feb 2, 2021 and is issued by Fidelity.
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