FMDE | Fidelity Covington Trust | Enhanced Mid Cap ETF Overview

(Stock Exchange: AMEX)

Day's Range	30.69 - 31.50
52 Week Range	28.21 - 35.44
Beta	N/A
Implied Volatility	N/A
IV Rank	N/A
Day's Volume	312,938
Average Volume	548,610
Shares Outstanding	91,436,628
Inception Date	2023-11-20

Assets	2,033,112,150
Asset Class	Equity
Expense Ratio	N/A
P/E Ratio	19.55
EPS	1.60
Dividend Yield	1.50%
Dividend Per Share	0.47
Dividend ExDate	N/A
Dividend PayDate	N/A

FMDE seeks capital appreciation by targeting common stocks within the Russel Midcap Index. The benchmark is a market capitalization-weighted index, specifically intended to evaluate the mid-cap sector of the US equity market. Investments may also include foreign stocks. With the aim of potentially providing a total return that surpasses that of the Index, the fund utilizes a computer-aided, quantitative analysis that evaluates historical valuation, growth, profitability, and various other factors. In addition to capital growth, the fund engages in securities lending as an income-generating strategy. FMDE converted from a mutual fund called Fidelity Mid Cap Enhanced Index Fund to an actively managed ETF structure starting with $1.33 billion in net assets.

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Watching at FMDE technicals we can see that long-term trend is bearish, the same as bearish middle-term trend, as well as bearish short-term trend. More technicals details can be found on FMDE Technicals page.