Fidelity Hedged Equity ETF (BATS:FHEQ) Stock Short Interest Falls 42.3%

Fidelity Hedged Equity ETF (BATS:FHEQ) saw a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 71,557 shares, a decline of 42.3% from the September 30th total of 123,939 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 81,298 shares, the short-interest ratio is presently 0.9 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. SeaCrest Wealth Management LLC purchased a new position in shares of Fidelity Hedged Equity ETF during the 3rd quarter worth $3,433,000. Prime Capital Investment Advisors LLC increased its position in shares of Fidelity Hedged Equity ETF by 17.9% during the third quarter. Prime Capital Investment Advisors LLC now owns 177,756 shares of the company’s stock valued at $5,983,000 after acquiring an additional 26,978 shares during the last quarter. Brookstone Capital Management acquired a new stake in shares of Fidelity Hedged Equity ETF during the third quarter valued at about $817,000. Signature Wealth Management Partners LLC raised its stake in shares of Fidelity Hedged Equity ETF by 281.0% in the 3rd quarter. Signature Wealth Management Partners LLC now owns 102,313 shares of the company’s stock valued at $3,444,000 after acquiring an additional 75,456 shares during the period. Finally, Laurel Wealth Advisors LLC purchased a new stake in shares of Fidelity Hedged Equity ETF in the 3rd quarter valued at approximately $108,000.

Fidelity Hedged Equity ETF Stock Up 0.5%

Shares of Fidelity Hedged Equity ETF stock traded up $0.17 during mid-day trading on Monday, hitting $33.23. The stock had a trading volume of 21,917 shares, compared to its average volume of 100,631. The firm has a 50-day moving average of $33.81 and a two-hundred day moving average of $32.44. Fidelity Hedged Equity ETF has a 12-month low of $28.84 and a 12-month high of $34.60. The firm has a market cap of $594.80 million, a P/E ratio of 23.95 and a beta of 0.87.

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.