Fidelity Hedged Equity ETF (BATS:FHEQ) Stock Short Interest Climbs 92.6%

Fidelity Hedged Equity ETF (BATS:FHEQ) saw a large increase in short interest in September. As of September 30th, there was short interest totaling 123,939 shares, an increase of 92.6% from the September 15th total of 64,343 shares. Based on an average daily volume of 85,567 shares, the short-interest ratio is currently 1.4 days. Currently, 0.7% of the shares of the stock are sold short.

Institutional Trading of Fidelity Hedged Equity ETF

A number of large investors have recently added to or reduced their stakes in FHEQ. B. Riley Wealth Advisors Inc. acquired a new position in Fidelity Hedged Equity ETF in the third quarter worth approximately $337,000. Breakwater Capital Group increased its holdings in shares of Fidelity Hedged Equity ETF by 20.1% in the third quarter. Breakwater Capital Group now owns 9,877 shares of the company’s stock valued at $332,000 after buying an additional 1,651 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Fidelity Hedged Equity ETF during the 2nd quarter valued at $37,000. Finally, NewEdge Advisors LLC acquired a new stake in shares of Fidelity Hedged Equity ETF during the 2nd quarter valued at $33,000.

Fidelity Hedged Equity ETF Price Performance

Shares of FHEQ opened at $34.02 on Wednesday. The firm’s 50 day moving average is $34.00 and its 200-day moving average is $32.97. The stock has a market capitalization of $608.96 million, a P/E ratio of 23.95 and a beta of 0.87. Fidelity Hedged Equity ETF has a 12-month low of $28.84 and a 12-month high of $34.60.

About Fidelity Hedged Equity ETF

The Fidelity Hedged Equity ETF (FHEQ) is an exchange-traded fund that trades on the BATS exchange in the United States.