Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM) Sees Large Decrease in Short Interest

Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM) was the target of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 145,130 shares, a decline of 36.4% from the July 30th total of 228,036 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average daily trading volume, of 270,037 shares, the short-interest ratio is presently 0.5 days.

Fidelity Fundamental Small-Mid Cap ETF Price Performance

FFSM opened at $36.28 on Tuesday. Fidelity Fundamental Small-Mid Cap ETF has a 12-month low of $28.23 and a 12-month high of $38.48. The stock has a market capitalization of $925.14 million, a PE ratio of 16.79 and a beta of 1.09. The firm’s fifty day moving average price is $37.24 and its 200 day moving average price is $35.46.

Institutional Investors Weigh In On Fidelity Fundamental Small-Mid Cap ETF

Institutional investors have recently modified their holdings of the stock. Kestra Private Wealth Services LLC increased its holdings in Fidelity Fundamental Small-Mid Cap ETF by 3.4% in the fourth quarter. Kestra Private Wealth Services LLC now owns 13,178 shares of the company’s stock valued at $404,000 after buying an additional 434 shares during the last quarter. Kestra Advisory Services LLC lifted its holdings in Fidelity Fundamental Small-Mid Cap ETF by 3.7% during the 4th quarter. Kestra Advisory Services LLC now owns 16,874 shares of the company’s stock worth $518,000 after buying an additional 598 shares during the last quarter. Elyxium Wealth LLC acquired a new position in shares of Fidelity Fundamental Small-Mid Cap ETF in the 4th quarter worth approximately $31,000. Royal Bank of Canada grew its position in shares of Fidelity Fundamental Small-Mid Cap ETF by 9.2% in the 4th quarter. Royal Bank of Canada now owns 12,781 shares of the company’s stock worth $392,000 after acquiring an additional 1,076 shares in the last quarter. Finally, AdvisorNet Financial Inc increased its holdings in shares of Fidelity Fundamental Small-Mid Cap ETF by 1,185.9% in the 1st quarter. AdvisorNet Financial Inc now owns 1,736 shares of the company’s stock valued at $55,000 after acquiring an additional 1,601 shares during the last quarter.

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.