Fidelity International Multifactor ETF (BATS:FDEV – Get Free Report) was the recipient of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 27,172 shares, a decline of 46.3% from the September 15th total of 50,577 shares. Based on an average daily volume of 41,799 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.5% of the shares of the company are short sold.
Fidelity International Multifactor ETF Stock Up 1.3%
Shares of BATS FDEV opened at $36.83 on Friday. The business’s 50 day moving average price is $37.28 and its 200 day moving average price is $36.65. The firm has a market cap of $191.52 million, a P/E ratio of 16.06 and a beta of 0.73. Fidelity International Multifactor ETF has a 52 week low of $32.56 and a 52 week high of $38.47.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in FDEV. LifeSteps Financial Inc. raised its position in shares of Fidelity International Multifactor ETF by 12.0% in the third quarter. LifeSteps Financial Inc. now owns 5,584 shares of the company’s stock worth $202,000 after acquiring an additional 598 shares during the period. Midwest Financial Network LLC boosted its stake in shares of Fidelity International Multifactor ETF by 15.1% during the 3rd quarter. Midwest Financial Network LLC now owns 44,543 shares of the company’s stock worth $1,608,000 after acquiring an additional 5,854 shares in the last quarter. CoreCap Advisors LLC grew its position in shares of Fidelity International Multifactor ETF by 4,185.7% during the 3rd quarter. CoreCap Advisors LLC now owns 1,500 shares of the company’s stock valued at $54,000 after acquiring an additional 1,465 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in shares of Fidelity International Multifactor ETF during the 2nd quarter valued at about $153,000. Finally, IFP Advisors Inc grew its position in shares of Fidelity International Multifactor ETF by 44.1% during the 2nd quarter. IFP Advisors Inc now owns 2,294 shares of the company’s stock valued at $81,000 after acquiring an additional 702 shares during the period.
About Fidelity International Multifactor ETF
The Fidelity International Multifactor ETF (FDEV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a multi-factored index of developed ex-US companies. FDEV was launched on Feb 26, 2019 and is managed by Fidelity.
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