Fidelity Hedged Equity ETF (BATS:FHEQ) Shares Shorted: Short Interest Up 92.6% in September

Fidelity Hedged Equity ETF (BATS:FHEQ) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 123,939 shares, an increase of 92.6% from the September 15th total of 64,343 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average daily trading volume, of 85,567 shares, the short-interest ratio is currently 1.4 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC purchased a new position in Fidelity Hedged Equity ETF in the second quarter worth $33,000. Integrated Wealth Concepts LLC acquired a new stake in Fidelity Hedged Equity ETF in the second quarter valued at $37,000. Breakwater Capital Group boosted its position in shares of Fidelity Hedged Equity ETF by 20.1% during the 3rd quarter. Breakwater Capital Group now owns 9,877 shares of the company’s stock worth $332,000 after purchasing an additional 1,651 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in shares of Fidelity Hedged Equity ETF during the 3rd quarter worth $337,000.

Fidelity Hedged Equity ETF Price Performance

FHEQ opened at $33.79 on Friday. The business has a 50 day simple moving average of $33.98 and a 200-day simple moving average of $33.04. The stock has a market capitalization of $604.84 million, a P/E ratio of 23.95 and a beta of 0.87. Fidelity Hedged Equity ETF has a 12 month low of $28.84 and a 12 month high of $34.60.

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.