Short Interest in Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM) Expands By 92.9%

Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 460,186 shares, a growth of 92.9% from the June 15th total of 238,517 shares. Based on an average daily volume of 199,032 shares, the short-interest ratio is currently 2.3 days. Currently, 1.8% of the shares of the company are short sold.

Fidelity Fundamental Small-Mid Cap ETF Stock Performance

BATS FFSM opened at $36.71 on Friday. The firm has a market cap of $936.11 million, a PE ratio of 16.79 and a beta of 1.09. Fidelity Fundamental Small-Mid Cap ETF has a one year low of $26.83 and a one year high of $38.42. The firm’s fifty day moving average is $36.56 and its two-hundred day moving average is $34.36.

Hedge Funds Weigh In On Fidelity Fundamental Small-Mid Cap ETF

Several institutional investors have recently added to or reduced their stakes in FFSM. Buska Wealth Management LLC raised its stake in Fidelity Fundamental Small-Mid Cap ETF by 180.9% during the 2nd quarter. Buska Wealth Management LLC now owns 127,234 shares of the company’s stock valued at $4,862,000 after acquiring an additional 81,933 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Fidelity Fundamental Small-Mid Cap ETF by 316.5% in the 1st quarter. Cetera Investment Advisers now owns 61,638 shares of the company’s stock valued at $1,969,000 after purchasing an additional 46,838 shares during the last quarter. SK Wealth Management LLC grew its stake in shares of Fidelity Fundamental Small-Mid Cap ETF by 1.1% in the 1st quarter. SK Wealth Management LLC now owns 174,090 shares of the company’s stock valued at $5,659,000 after purchasing an additional 1,818 shares during the last quarter. Dahring Cusmano LLC acquired a new position in shares of Fidelity Fundamental Small-Mid Cap ETF in the first quarter valued at approximately $1,786,000. Finally, Gaddis Premier Wealth Advisors LLC increased its holdings in shares of Fidelity Fundamental Small-Mid Cap ETF by 3.4% in the first quarter. Gaddis Premier Wealth Advisors LLC now owns 214,864 shares of the company’s stock valued at $6,865,000 after purchasing an additional 7,005 shares during the period.

Fidelity Fundamental Small-Mid Cap ETF Company Profile

The Fidelity Fundamental Small-Mid Cap ETF (FFSM) is an exchange-traded fund that mostly invests in extended market equity. The fund is an actively managed, non-transparent ETF that invests in global stocks with small to medium capitalization. The fund utilizes the Fidelity non-transparent model. FFSM was launched on Feb 2, 2021 and is issued by Fidelity.