Short Interest in Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM) Drops By 52.4%

Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 219,230 shares, a decline of 52.4% from the June 30th total of 460,186 shares. Approximately 0.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 254,757 shares, the days-to-cover ratio is presently 0.9 days.

Hedge Funds Weigh In On Fidelity Fundamental Small-Mid Cap ETF

A number of large investors have recently added to or reduced their stakes in FFSM. Elyxium Wealth LLC purchased a new position in Fidelity Fundamental Small-Mid Cap ETF during the fourth quarter valued at $31,000. AdvisorNet Financial Inc increased its stake in shares of Fidelity Fundamental Small-Mid Cap ETF by 1,185.9% during the first quarter. AdvisorNet Financial Inc now owns 1,736 shares of the company’s stock worth $55,000 after purchasing an additional 1,601 shares in the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of Fidelity Fundamental Small-Mid Cap ETF during the 2nd quarter worth about $101,000. Fifth Third Bancorp acquired a new position in shares of Fidelity Fundamental Small-Mid Cap ETF during the 1st quarter worth about $218,000. Finally, Farther Finance Advisors LLC raised its position in shares of Fidelity Fundamental Small-Mid Cap ETF by 10,088.7% during the 4th quarter. Farther Finance Advisors LLC now owns 7,234 shares of the company’s stock worth $222,000 after purchasing an additional 7,163 shares during the last quarter.

Fidelity Fundamental Small-Mid Cap ETF Price Performance

Shares of FFSM stock opened at $36.77 on Wednesday. Fidelity Fundamental Small-Mid Cap ETF has a 1-year low of $26.83 and a 1-year high of $38.42. The company has a market cap of $937.64 million, a price-to-earnings ratio of 16.79 and a beta of 1.09. The stock has a 50 day simple moving average of $36.74 and a 200-day simple moving average of $34.66.

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.