Fidelity Dynamic Buffered Equity ETF (BATS:FBUF) Sees Significant Decline in Short Interest

Fidelity Dynamic Buffered Equity ETF (BATS:FBUF) was the recipient of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 7,477 shares, a decline of 47.6% from the September 30th total of 14,277 shares. Based on an average daily volume of 6,276 shares, the days-to-cover ratio is presently 1.2 days. Currently, 2.0% of the company’s shares are sold short.

Hedge Funds Weigh In On Fidelity Dynamic Buffered Equity ETF

An institutional investor recently raised its stake in Fidelity Dynamic Buffered Equity ETF stock. RFG Advisory LLC boosted its holdings in Fidelity Dynamic Buffered Equity ETF (BATS:FBUF) by 10.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,616 shares of the company’s stock after acquiring an additional 1,382 shares during the period. RFG Advisory LLC owned 3.90% of Fidelity Dynamic Buffered Equity ETF worth $472,000 at the end of the most recent reporting period.

Fidelity Dynamic Buffered Equity ETF Stock Up 0.7%

Shares of BATS FBUF traded up $0.23 during midday trading on Monday, reaching $33.47. 1,336 shares of the company’s stock traded hands, compared to its average volume of 6,790. The stock’s 50 day simple moving average is $33.52 and its 200-day simple moving average is $32.15. Fidelity Dynamic Buffered Equity ETF has a one year low of $29.62 and a one year high of $33.97. The company has a market cap of $12.55 million, a price-to-earnings ratio of 24.22 and a beta of 0.68.

Fidelity Dynamic Buffered Equity ETF Company Profile

The Fidelity Dynamic Buffered Equity ETF (FBUF) is an exchange-traded fund that trades on the BATS exchange in the United States.