(FHEQ) Fidelity Hedged Equity - Ratings and Ratios

The Fidelity Hedged Equity ETF (BATS:FHEQ) is an exchange-traded fund designed to provide returns that exceed those of the S&P 500 Index by employing a quantitative, rules-based approach to stock selection. The fund primarily invests in equity securities of U.S. companies with market capitalizations similar to those in the S&P 500 or Russell 1000 Index. Its strategy involves using computer-aided, quantitative analysis to evaluate historical valuation, growth trends, profitability metrics, and other fundamental factors. This process aims to identify a diversified portfolio of stocks with the potential to deliver higher total returns than the S&P 500 Index while maintaining a risk profile comparable to that of the broader market.

Over the next three months, based on and , FHEQ is expected to trade within a narrow range. The funds short-term moving averages (SMA 20 and SMA 50) are converging at approximately 27.79, suggesting a period of consolidation. The average true range (ATR) of 0.24 indicates low volatility, which is typical for a hedged equity strategy. With an AUM of $387.74M USD, FHEQ maintains sufficient liquidity to execute its strategy effectively. Forecasting based on these metrics, FHEQ is likely to oscillate between 26.95 and 27.43 over the next 90 days, with a slight upward bias due to its current price position relative to its moving averages.