Fidelity Hedged Equity ETF (BATS:FHEQ) Sees Large Increase in Short Interest

Fidelity Hedged Equity ETF (BATS:FHEQ) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totaling 102,700 shares, an increase of 146.1% from the June 30th total of 41,738 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average trading volume of 60,378 shares, the days-to-cover ratio is currently 1.7 days.

Fidelity Hedged Equity ETF Stock Down 0.9%

BATS FHEQ opened at $32.83 on Thursday. The stock has a market capitalization of $587.66 million, a PE ratio of 23.95 and a beta of 0.87. The company has a 50 day moving average price of $33.13 and a two-hundred day moving average price of $31.72. Fidelity Hedged Equity ETF has a 12-month low of $28.70 and a 12-month high of $33.77.

About Fidelity Hedged Equity ETF

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