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

Fidelity International Multifactor ETF (BATS:FDEV) was the recipient of a large growth in short interest in 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. Based on an average daily volume of 24,246 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the shares of the stock are sold short.

Fidelity International Multifactor ETF Price Performance

FDEV traded down $0.15 during trading on Thursday, reaching $37.84. 5,895 shares of the stock were exchanged, compared to its average volume of 33,795. The company has a market capitalization of $196.77 million, a price-to-earnings ratio of 16.06 and a beta of 0.73. Fidelity International Multifactor ETF has a 1 year low of $32.43 and a 1 year high of $38.21. The business’s 50 day moving average price is $36.69 and its two-hundred day moving average price is $36.50.

Hedge Funds Weigh In On Fidelity International Multifactor ETF

Hedge funds have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC boosted its stake in Fidelity International Multifactor ETF by 230.2% in the 1st quarter. Kestra Advisory Services LLC now owns 53,068 shares of the company’s stock worth $1,893,000 after buying an additional 36,996 shares during the last quarter. RCS Financial Planning LLC acquired a new position in shares of Fidelity International Multifactor ETF during the 1st quarter valued at about $916,000. Midwest Financial Network LLC purchased a new position in shares of Fidelity International Multifactor ETF during the 1st quarter worth about $778,000. Cetera Investment Advisers lifted its holdings in shares of Fidelity International Multifactor ETF by 43.2% during the 1st quarter. Cetera Investment Advisers now owns 50,983 shares of the company’s stock worth $1,819,000 after acquiring an additional 15,378 shares during the period. Finally, Advocacy Wealth Management LLC acquired a new stake in shares of Fidelity International Multifactor ETF in the second quarter worth approximately $21,891,000.

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.