Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM – Get Free Report) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 60,422 shares, a decrease of 70.4% from the September 30th total of 204,135 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 604,387 shares, the short-interest ratio is presently 0.1 days.
Fidelity Fundamental Small-Mid Cap ETF Stock Performance
Fidelity Fundamental Small-Mid Cap ETF stock opened at $34.69 on Friday. The firm has a market capitalization of $884.60 million, a P/E ratio of 16.79 and a beta of 1.09. Fidelity Fundamental Small-Mid Cap ETF has a one year low of $28.59 and a one year high of $38.48. The company has a 50-day simple moving average of $34.91 and a 200-day simple moving average of $34.98.
Institutional Investors Weigh In On Fidelity Fundamental Small-Mid Cap ETF
Several hedge funds have recently made changes to their positions in the company. Elevation Wealth Management LLC purchased a new position in Fidelity Fundamental Small-Mid Cap ETF during the 2nd quarter valued at about $208,000. Fifth Third Bancorp bought a new stake in Fidelity Fundamental Small-Mid Cap ETF in the first quarter valued at about $218,000. Farther Finance Advisors LLC raised its stake in Fidelity Fundamental Small-Mid Cap ETF by 8.7% during the third quarter. Farther Finance Advisors LLC now owns 11,299 shares of the company’s stock worth $382,000 after acquiring an additional 905 shares in the last quarter. Sigma Planning Corp bought a new position in Fidelity Fundamental Small-Mid Cap ETF in the 3rd quarter valued at $776,000. Finally, Kestra Advisory Services LLC lifted its position in Fidelity Fundamental Small-Mid Cap ETF by 81.2% during the 1st quarter. Kestra Advisory Services LLC now owns 30,581 shares of the company’s stock valued at $977,000 after purchasing an additional 13,707 shares during the period.
About Fidelity Fundamental Small-Mid Cap ETF
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.
Further Reading
- Five stocks we like better than Fidelity Fundamental Small-Mid Cap ETF
- Phillips 66 Posts Strong Earnings But the Stock Doesn’t Care
- NXP Semiconductors Falls After Strong Earnings—Is the Sell-Off Overdone?
- GE Vernova’s Reservations Are Turning Into Real Orders—But the Market Still Wants More.
- Where’s the Beef? Trian-Led Buyout Proposal Values Wendy’s at $1.4B, But Is It Enough?
Receive News & Ratings for Fidelity Fundamental Small-Mid Cap ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity Fundamental Small-Mid Cap ETF and related companies with MarketBeat.com's FREE daily email newsletter.
