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

Fidelity International Multifactor ETF (BATS:FDEV) saw a large growth in short interest in 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. Currently, 1.0% of the shares of the company are sold short. Based on an average daily volume of 35,035 shares, the short-interest ratio is currently 1.5 days.

Institutional Trading of Fidelity International Multifactor ETF

Large investors have recently added to or reduced their stakes in the company. Elyxium Wealth LLC purchased a new position in shares of Fidelity International Multifactor ETF in the fourth quarter worth about $30,000. IFP Advisors Inc purchased a new position in Fidelity International Multifactor ETF during the 4th quarter worth approximately $55,000. Wells Fargo & Company MN acquired a new stake in Fidelity International Multifactor ETF during the 4th quarter valued at approximately $65,000. Paragon Private Wealth Management LLC purchased a new stake in shares of Fidelity International Multifactor ETF in the 2nd quarter valued at $146,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of Fidelity International Multifactor ETF in the 2nd quarter valued at $153,000.

Fidelity International Multifactor ETF Trading Up 0.7%

BATS FDEV opened at $37.79 on Friday. Fidelity International Multifactor ETF has a 12-month low of $32.43 and a 12-month high of $38.47. The company has a fifty day simple moving average of $37.27 and a two-hundred day simple moving average of $36.55. The stock has a market cap of $196.51 million, a P/E ratio of 16.06 and a beta of 0.73.

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.