Fidelity Fundamental Global ex-U.S. ETF (BATS:FFGX) Sees Significant Drop in Short Interest

Fidelity Fundamental Global ex-U.S. ETF (BATS:FFGX) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totaling 2,336 shares, a decline of 61.0% from the September 30th total of 5,991 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 9,591 shares, the days-to-cover ratio is currently 0.2 days.

Fidelity Fundamental Global ex-U.S. ETF Price Performance

Shares of FFGX stock opened at $32.56 on Friday. The company has a market cap of $52.10 million, a price-to-earnings ratio of 20.23 and a beta of 0.75. Fidelity Fundamental Global ex-U.S. ETF has a 1-year low of $28.95 and a 1-year high of $35.59. The stock’s fifty day moving average price is $33.90 and its 200 day moving average price is $33.29.

Hedge Funds Weigh In On Fidelity Fundamental Global ex-U.S. ETF

Several institutional investors have recently made changes to their positions in the company. Beaumont Financial Advisors LLC boosted its position in Fidelity Fundamental Global ex-U.S. ETF by 0.7% during the first quarter. Beaumont Financial Advisors LLC now owns 694,766 shares of the company’s stock worth $21,174,000 after purchasing an additional 5,159 shares in the last quarter. 46 Peaks LLC grew its holdings in shares of Fidelity Fundamental Global ex-U.S. ETF by 52.4% in the first quarter. 46 Peaks LLC now owns 54,560 shares of the company’s stock valued at $1,663,000 after purchasing an additional 18,771 shares in the last quarter. Finally, Elm3 Financial Group LLC increased its holdings in Fidelity Fundamental Global ex-U.S. ETF by 9.1% in the third quarter. Elm3 Financial Group LLC now owns 15,734 shares of the company’s stock valued at $533,000 after buying an additional 1,308 shares during the last quarter.

Fidelity Fundamental Global ex-U.S. ETF Company Profile

The Fidelity Fundamental Global ex-U.S. ETF (FFGX) is an exchange-traded fund that mostly invests in total market equity. The fund seeks to achieve long-term capital growth through an actively managed portfolio of global ex-US equity securities selected based on fundamental factors. The fund includes issuers of any market capitalization. FFGX was launched on Nov 19, 2024 and is issued by Fidelity.