Fidelity International Multifactor ETF (BATS:FDEV) Sees Significant Drop in Short Interest

Fidelity International Multifactor ETF (BATS:FDEV – Get Free Report) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 13,521 shares, a decrease of 50.2% from the September 30th total of 27,172 shares. Based on an average trading volume of 30,743 shares, the short-interest ratio is currently 0.4 days. Approximately 0.3% of the company’s stock are sold short.

Institutional Investors Weigh In On Fidelity International Multifactor ETF

Several large investors have recently modified their holdings of FDEV. CoreCap Advisors LLC raised its stake in Fidelity International Multifactor ETF by 4,185.7% in the third quarter. CoreCap Advisors LLC now owns 1,500 shares of the company’s stock worth $54,000 after buying an additional 1,465 shares in the last quarter. IFP Advisors Inc lifted its holdings in Fidelity International Multifactor ETF by 44.1% during the second quarter. IFP Advisors Inc now owns 2,294 shares of the company’s stock worth $81,000 after buying an additional 702 shares during the period. Paragon Private Wealth Management LLC bought a new stake in Fidelity International Multifactor ETF during the 2nd quarter valued at $146,000. Integrated Wealth Concepts LLC bought a new stake in Fidelity International Multifactor ETF during the 2nd quarter valued at $153,000. Finally, LifeSteps Financial Inc. boosted its position in Fidelity International Multifactor ETF by 12.0% during the 3rd quarter. LifeSteps Financial Inc. now owns 5,584 shares of the company’s stock valued at $202,000 after acquiring an additional 598 shares in the last quarter.

Fidelity International Multifactor ETF Price Performance

Shares of BATS:FDEV opened at $37.10 on Friday. The business has a fifty day moving average price of $37.14 and a 200-day moving average price of $36.59. The company has a market capitalization of $192.92 million, a PE ratio of 16.06 and a beta of 0.73. Fidelity International Multifactor ETF has a 1-year low of $32.56 and a 1-year high of $38.47.

About Fidelity International Multifactor ETF

(Get Free Report)

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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