Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM) Short Interest Update

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

Fidelity Fundamental Small-Mid Cap ETF Trading Up 0.0%

Shares of FFSM stock opened at $36.94 on Tuesday. The company’s fifty day moving average price is $36.69 and its 200-day moving average price is $34.63. The stock has a market cap of $941.97 million, a PE ratio of 16.79 and a beta of 1.09. Fidelity Fundamental Small-Mid Cap ETF has a 12 month low of $26.83 and a 12 month high of $38.42.

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

Several hedge funds have recently bought and sold shares of FFSM. Wealth Enhancement Advisory Services LLC bought a new position in shares of Fidelity Fundamental Small-Mid Cap ETF during the fourth quarter valued at approximately $513,000. Pines Wealth Management LLC purchased a new position in shares of Fidelity Fundamental Small-Mid Cap ETF during the fourth quarter valued at approximately $604,000. Retirement Planning Group LLC boosted its position in shares of Fidelity Fundamental Small-Mid Cap ETF by 354.9% in the 4th quarter. Retirement Planning Group LLC now owns 51,833 shares of the company’s stock worth $1,591,000 after purchasing an additional 40,439 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Fidelity Fundamental Small-Mid Cap ETF by 32.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 65,343 shares of the company’s stock worth $1,909,000 after purchasing an additional 16,096 shares in the last quarter. Finally, RFG Advisory LLC grew its stake in shares of Fidelity Fundamental Small-Mid Cap ETF by 80.2% in the 4th quarter. RFG Advisory LLC now owns 706,371 shares of the company’s stock worth $21,679,000 after buying an additional 314,429 shares during the last quarter.

About Fidelity Fundamental Small-Mid Cap ETF

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.