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

Fidelity Hedged Equity ETF (BATS:FHEQ) was the target of a significant increase in short interest during the month of 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 presently 1.4 days. Approximately 0.7% of the company’s shares are sold short.

Institutional Trading of Fidelity Hedged Equity ETF

Several institutional investors and hedge funds have recently bought and sold shares of FHEQ. B. Riley Wealth Advisors Inc. purchased a new stake in Fidelity Hedged Equity ETF during the third quarter valued at about $337,000. Breakwater Capital Group lifted its stake in Fidelity Hedged Equity ETF by 20.1% during 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 position in shares of Fidelity Hedged Equity ETF in the second quarter worth about $37,000. Finally, NewEdge Advisors LLC acquired a new position in shares of Fidelity Hedged Equity ETF in the second quarter worth about $33,000.

Fidelity Hedged Equity ETF Stock Down 0.1%

Shares of BATS FHEQ opened at $34.02 on Wednesday. Fidelity Hedged Equity ETF has a 12 month low of $28.84 and a 12 month high of $34.60. The company has a market cap of $608.96 million, a price-to-earnings ratio of 23.95 and a beta of 0.87. The business has a fifty day simple moving average of $34.00 and a 200-day simple moving average of $32.97.

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.