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 growth in short interest during the month of June. As of June 30th, there was short interest totaling 460,186 shares, a growth of 92.9% from the June 15th total of 238,517 shares. Based on an average daily trading volume, of 199,032 shares, the days-to-cover ratio is currently 2.3 days. Currently, 1.8% of the shares of the company are sold short.

Fidelity Fundamental Small-Mid Cap ETF Price Performance

Shares of BATS FFSM opened at $36.87 on Friday. Fidelity Fundamental Small-Mid Cap ETF has a one year low of $26.83 and a one year high of $38.42. The business’s fifty day moving average price is $36.55 and its 200-day moving average price is $34.35. The stock has a market capitalization of $940.18 million, a PE ratio of 16.79 and a beta of 1.09.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FFSM. Royal Bank of Canada boosted its position in Fidelity Fundamental Small-Mid Cap ETF by 258.0% during the first quarter. Royal Bank of Canada now owns 27,843 shares of the company’s stock worth $703,000 after purchasing an additional 20,065 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Fidelity Fundamental Small-Mid Cap ETF by 15.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 49,247 shares of the company’s stock valued at $1,339,000 after buying an additional 6,507 shares in the last quarter. Benjamin Edwards Inc. boosted its holdings in Fidelity Fundamental Small-Mid Cap ETF by 15.0% in the 2nd quarter. Benjamin Edwards Inc. now owns 13,202 shares of the company’s stock worth $359,000 after buying an additional 1,721 shares during the period. Geneos Wealth Management Inc. purchased a new position in Fidelity Fundamental Small-Mid Cap ETF in the 2nd quarter valued at approximately $101,000. Finally, Osaic Holdings Inc. grew its stake in Fidelity Fundamental Small-Mid Cap ETF by 230.6% in the 2nd quarter. Osaic Holdings Inc. now owns 11,021 shares of the company’s stock valued at $300,000 after buying an additional 7,687 shares in the last quarter.

Fidelity Fundamental Small-Mid Cap ETF Company Profile

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.