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

Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM) was the target of 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 stock are short sold. Based on an average daily trading volume, of 604,387 shares, the days-to-cover ratio is currently 0.1 days.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Sigma Planning Corp acquired a new stake in Fidelity Fundamental Small-Mid Cap ETF during the third quarter valued at approximately $776,000. Precedent Wealth Partners LLC boosted its holdings in Fidelity Fundamental Small-Mid Cap ETF by 74.5% during the third quarter. Precedent Wealth Partners LLC now owns 378,907 shares of the company’s stock worth $12,818,000 after buying an additional 161,742 shares in the last quarter. Retirement Planning Group LLC acquired a new position in Fidelity Fundamental Small-Mid Cap ETF in the third quarter worth approximately $3,950,000. Novem Group grew its position in Fidelity Fundamental Small-Mid Cap ETF by 0.7% in the third quarter. Novem Group now owns 228,927 shares of the company’s stock worth $7,745,000 after buying an additional 1,653 shares during the last quarter. Finally, KOM Wealth Management Group LLC grew its position in Fidelity Fundamental Small-Mid Cap ETF by 9.5% in the third quarter. KOM Wealth Management Group LLC now owns 458,292 shares of the company’s stock worth $15,504,000 after buying an additional 39,857 shares during the last quarter.

Fidelity Fundamental Small-Mid Cap ETF Stock Up 0.9%

Shares of FFSM stock opened at $33.93 on Wednesday. The stock has a 50-day simple moving average of $35.04 and a 200 day simple moving average of $34.96. The stock has a market capitalization of $865.22 million, a P/E ratio of 16.79 and a beta of 1.09. Fidelity Fundamental Small-Mid Cap ETF has a fifty-two week low of $28.59 and a fifty-two week high of $38.48.

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.