Fidelity International Multifactor ETF (BATS:FDEV) Sees Significant Growth in Short Interest

Fidelity International Multifactor ETF (BATS:FDEV) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 53,265 shares, a growth of 532.8% from the August 15th total of 8,417 shares. Based on an average daily volume of 35,035 shares, the days-to-cover ratio is currently 1.5 days. Approximately 1.0% of the company’s stock are short sold.

Institutional Investors Weigh In On Fidelity International Multifactor ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Integrated Wealth Concepts LLC purchased a new position in Fidelity International Multifactor ETF in the 2nd quarter worth approximately $153,000. IFP Advisors Inc lifted its position in Fidelity International Multifactor ETF by 44.1% in the 2nd quarter. IFP Advisors Inc now owns 2,294 shares of the company’s stock valued at $81,000 after acquiring an additional 702 shares in the last quarter. Paragon Private Wealth Management LLC purchased a new stake in Fidelity International Multifactor ETF during the 2nd quarter valued at $146,000. Nwam LLC purchased a new stake in Fidelity International Multifactor ETF during the 2nd quarter valued at $393,000. Finally, Advocacy Wealth Management LLC bought a new stake in shares of Fidelity International Multifactor ETF in the 2nd quarter worth $21,891,000.

Fidelity International Multifactor ETF Stock Performance

Shares of Fidelity International Multifactor ETF stock opened at $37.51 on Friday. The stock has a market capitalization of $195.05 million, a PE ratio of 16.06 and a beta of 0.73. Fidelity International Multifactor ETF has a 52-week low of $32.43 and a 52-week high of $38.47. The company has a 50-day simple moving average of $37.23 and a two-hundred day simple moving average of $36.54.

Fidelity International Multifactor ETF Company Profile

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.