FFSM ETF Analysis: Fidelity Covington Trust | BATS
Mid-Cap Blend | BATS, USA | Market Cap: 1.511m USD | 12M Return: 20.5% | US3160922957 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 14.1M
Warnings
Tailwinds
No distinct edge detected
Seasonality 5.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
The Fidelity Covington Trust - Fidelity Fundamental Small-Mid Cap ETF (FFSM) is an actively managed, non-diversified ETF that operates under an exemptive order from the SEC, which exempts it from the requirement to publicly disclose its full portfolio holdings on a daily basis. The fund invests at least 80% of its assets in securities of companies with small to medium market capitalizations, defined as those similar to those in the Russell 2500 Index, an index that tracks U.S. small- and mid-cap equities. It also invests in both domestic and foreign issuers.
Categorized as a Mid-Cap Blend ETF, FFSM employs a blend investment style that combines elements of both growth and value strategies. As a non-diversified fund, it may hold a more concentrated portfolio than diversified funds, which can increase its exposure to individual securities. The fund was launched in February 2021 and is listed on the BATS exchange.
- Russell 2500 index performance drives underlying holdings
- Active management outperformance versus passive small-mid cap peers
- ETF inflows expand AUM and fee revenue base
- Rising interest rates pressure small cap borrowing costs
As of September 27, 2026, the stock is trading at USD 34.48 with a total of 553,746 shares traded. Over the past week, the price has changed by -0.20%, over one month by -6.76%, over three months by -9.26% and over the past year by +20.53%.
Current recommended Stop Loss: 33.80 (which is 2% or 1.4 ATR below the current price).
Fidelity Covington Trust has no consensus analysts rating.