Fidelity International Multifactor ETF (BATS:FDEV) Sees Large Increase in Short Interest

Fidelity International Multifactor ETF (BATS:FDEV) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 1,917 shares, a growth of 102.9% from the July 15th total of 945 shares. Based on an average daily trading volume, of 25,239 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Investors Weigh In On Fidelity International Multifactor ETF

A number of large investors have recently modified their holdings of FDEV. Jane Street Group LLC boosted its stake in Fidelity International Multifactor ETF by 689.3% in the first quarter. Jane Street Group LLC now owns 300,000 shares of the company’s stock valued at $8,814,000 after buying an additional 261,994 shares in the last quarter. Cetera Investment Advisers bought a new stake in shares of Fidelity International Multifactor ETF during the 2nd quarter valued at approximately $565,000. JPMorgan Chase & Co. grew its holdings in shares of Fidelity International Multifactor ETF by 374.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 29,455 shares of the company’s stock valued at $960,000 after purchasing an additional 23,251 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Fidelity International Multifactor ETF during the 2nd quarter worth approximately $7,920,000. Finally, High Falls Advisors Inc acquired a new position in Fidelity International Multifactor ETF during the 2nd quarter worth approximately $313,000.

Fidelity International Multifactor ETF Stock Performance

FDEV stock opened at $37.91 on Friday. Fidelity International Multifactor ETF has a 52 week low of $32.43 and a 52 week high of $38.08. The company has a market capitalization of $197.13 million, a PE ratio of 16.06 and a beta of 0.73. The company’s 50-day simple moving average is $36.38 and its 200 day simple moving average is $36.41.

About Fidelity International Multifactor ETF

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.