Fidelity International Multifactor ETF (BATS:FDEV – Get Free Report) was the target of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 13,521 shares, a decline of 50.2% from the September 30th total of 27,172 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 30,743 shares, the short-interest ratio is presently 0.4 days.
Institutional Investors Weigh In On Fidelity International Multifactor ETF
Several institutional investors and hedge funds have recently made changes to their positions in FDEV. CoreCap Advisors LLC lifted its position in shares of Fidelity International Multifactor ETF by 4,185.7% in the 3rd quarter. CoreCap Advisors LLC now owns 1,500 shares of the company’s stock worth $54,000 after buying an additional 1,465 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of Fidelity International Multifactor ETF by 44.1% during the second quarter. IFP Advisors Inc now owns 2,294 shares of the company’s stock valued at $81,000 after purchasing an additional 702 shares during the last quarter. Paragon Private Wealth Management LLC acquired a new stake in shares of Fidelity International Multifactor ETF during the 2nd quarter worth approximately $146,000. Integrated Wealth Concepts LLC acquired a new position in shares of Fidelity International Multifactor ETF during the second quarter valued at $153,000. Finally, LifeSteps Financial Inc. lifted its position in Fidelity International Multifactor ETF by 12.0% in the 3rd quarter. LifeSteps Financial Inc. now owns 5,584 shares of the company’s stock valued at $202,000 after purchasing an additional 598 shares during the last quarter.
Fidelity International Multifactor ETF Trading Up 0.7%
FDEV stock traded up $0.26 during mid-day trading on Monday, hitting $37.36. 16,779 shares of the company were exchanged, compared to its average volume of 33,186. The company has a market capitalization of $194.28 million, a PE ratio of 16.06 and a beta of 0.73. Fidelity International Multifactor ETF has a twelve month low of $32.56 and a twelve month high of $38.47. The firm has a fifty day simple moving average of $37.14 and a 200 day simple moving average of $36.59.
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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