Fidelity International Multifactor ETF (BATS:FDEV) Short Interest Up 339.1% in August

Fidelity International Multifactor ETF (BATS:FDEV) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 8,417 shares, a growth of 339.1% from the July 30th total of 1,917 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 24,246 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On Fidelity International Multifactor ETF

A number of institutional investors and hedge funds have recently modified their holdings of FDEV. Paragon Private Wealth Management LLC acquired a new stake in shares of Fidelity International Multifactor ETF during the 2nd quarter worth approximately $146,000. Nwam LLC bought a new position in Fidelity International Multifactor ETF during the second quarter worth $393,000. Advocacy Wealth Management LLC acquired a new stake in Fidelity International Multifactor ETF in the second quarter worth $21,891,000. Midwest Financial Network LLC increased its stake in Fidelity International Multifactor ETF by 77.5% in the second quarter. Midwest Financial Network LLC now owns 38,689 shares of the company’s stock valued at $1,373,000 after purchasing an additional 16,892 shares in the last quarter. Finally, Centaurus Financial Inc. increased its stake in Fidelity International Multifactor ETF by 4.1% in the first quarter. Centaurus Financial Inc. now owns 8,801 shares of the company’s stock valued at $314,000 after purchasing an additional 344 shares in the last quarter.

Fidelity International Multifactor ETF Price Performance

Shares of Fidelity International Multifactor ETF stock opened at $37.87 on Friday. Fidelity International Multifactor ETF has a one year low of $32.43 and a one year high of $38.21. The stock’s 50-day moving average is $36.73 and its 200 day moving average is $36.51. The firm has a market cap of $196.92 million, a price-to-earnings 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.