Fidelity International Multifactor ETF (BATS:FDEV – Get Free Report) was the target of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 27,172 shares, a decrease of 46.3% from the September 15th total of 50,577 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 41,799 shares, the days-to-cover ratio is currently 0.7 days.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the stock. Advocacy Wealth Management LLC acquired a new stake in Fidelity International Multifactor ETF in the second quarter worth $21,891,000. Kestra Advisory Services LLC lifted its stake in Fidelity International Multifactor ETF by 230.2% in the first quarter. Kestra Advisory Services LLC now owns 53,068 shares of the company’s stock valued at $1,893,000 after buying an additional 36,996 shares during the last quarter. Cetera Investment Advisers lifted its stake in Fidelity International Multifactor ETF by 43.2% in the first quarter. Cetera Investment Advisers now owns 50,983 shares of the company’s stock valued at $1,819,000 after buying an additional 15,378 shares during the last quarter. Midwest Financial Network LLC boosted its holdings in shares of Fidelity International Multifactor ETF by 15.1% during the third quarter. Midwest Financial Network LLC now owns 44,543 shares of the company’s stock valued at $1,608,000 after acquiring an additional 5,854 shares during the period. Finally, RCS Financial Planning LLC acquired a new position in shares of Fidelity International Multifactor ETF during the first quarter valued at $916,000.
Fidelity International Multifactor ETF Trading Up 0.8%
Shares of BATS FDEV opened at $36.45 on Wednesday. The company has a market cap of $189.54 million, a price-to-earnings ratio of 16.06 and a beta of 0.73. Fidelity International Multifactor ETF has a 12-month low of $32.56 and a 12-month high of $38.47. The stock’s 50 day simple moving average is $37.31 and its 200 day simple moving average is $36.62.
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.
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