Seeking AlphaT3·28mo ago
FFSM Fidelity Fundamental Small-Mid Cap ETF
ETFETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
FFSM
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Key stats
About
Fidelity Fundamental Small-Mid Cap ETF (FFSM) ETF
No description available.
- Exchange
- BATS
- Inception
- 2021-02-02
- Has Options
- No
Fund profile
holdings as of Jul 31, 2026SEC filingthrough Jul 2026flows, SEC filings
- Expense ratio
- 0.43% prospectus, filed Nov 24, 2025
- Assets
- $1.5B SEC filing, Jul 31, 2026
- Trailing yield
- 0.49% paid quarterly
- Average daily volume
- $24M 30 sessions
- Holdings
- 217 top 10 are 14.0%
- Listed
- Feb 2, 2021 Cboe BZX
- Last fee change
- -17 bp filed Feb 9, 2024
Cost43
Liquidity79
Scale81
Diversification100
Moves with. US large-cap stocks (60% of its variance, beta 1.12); Small caps over large (26% of its variance, beta 0.74); Emerging markets over US (5% of its variance, beta 0.12). These factors explain 85% of its daily moves over the last year.
Stated objective. Fidelity Fundamental Small-Mid Cap ETF seeks long-term growth of capital. (from the fund's prospectus)
All 217 holdingsFlow historySimilar fundsOverlap toolAll Multi-Factor ETFs
Fund flows
through Jul 2026SEC filings- Jul 2026
- +$140M latest reported month
- Latest 3 months
- +$168M +11.2% of assets
- Latest 12 months
- +$507M +33.8% of assets
View as a table
| Month | Net flow |
|---|---|
| Jul 2026 | +$140M |
| Jun 2026 | +$51M |
| May 2026 | −$22M |
| Apr 2026 | +$71M |
| Mar 2026 | +$23M |
| Feb 2026 | +$39M |
| Jan 2026 | +$48M |
| Dec 2025 | +$74M |
| Nov 2025 | +$62M |
| Oct 2025 | +$16M |
| Sep 2025 | +$3.6M |
| Aug 2025 | +$1.5M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 66 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| QVMMInvesco S&P MidCap 400 QVM Multi-factor ETF | 25% | 0.15% | $423M | +12.8% | compare |
| SPMDState Street SPDR Portfolio S&P 400 Mid Cap ETF | 25% | 0.03% | $18.4B | +12.4% | compare |
| IJHiShares Core S&P Mid-Cap ETF | 25% | 0.05% | $123.0B | +12.5% | compare |
| PTMCPacer Trendpilot US Mid Cap ETF | 25% | 0.60% | $370M | +11.4% | compare |
| MDYState Street SPDR S&P MIDCAP 400 ETF Trust | 25% | 0.23% | $25.8B | +12.3% | compare |
Ranked by how much of the two portfolios is the same securities.
Look-through: what the holdings say
weights as of Jul 31, 2026SEC filing- Holdings vs fair value
- +17.7% 53% under, 16% over · 92% covered
- Price / earnings
- 25.8 10% loss-making · 89% covered
- Price / book · sales
- 2.7 · 1.3 revenue growth +12.4%
- Above 200-day average
- 42% 30% above 50-day · by weight
- Short interest
- 7.6% of float, weighted · 4.8 days to cover
- Insider buying
- 7% of weight had net insider buying, 90 days; 56% net selling
- 13F holders
- +5.3% change in shares held by institutions, latest quarter
- Reporting earnings
- 36.3% of weight in 7 days; 67.8% in 14
Holdings reporting in the next 14 days · weighted implied move this week 4.07%
Each figure is the fund's holdings weighted by position size, using our data on those stocks, and covers only the share of the stock holdings stated. Positive fair value means the holdings trade below our estimate.
What changed in the portfolio
Apr 30, 2026 → Jul 31, 2026| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| Decrease | LITELUMENTUM HOLDINGS INC | 2.14% | 0.00% | −99.7% |
| Decrease | EMEEMCOR GROUP INC | 1.24% | 0.00% | −99.8% |
| Decrease | FABRINET | 2.04% | 0.86% | −33.7% |
| Decrease | SEAGATE TECHNOLOGY HOLDINGS PLC | 1.35% | 0.29% | −83.0% |
| Decrease | AEISADVANCED ENERGY INDUSTRIES INC | 1.69% | 0.71% | −43.6% |
| Decrease | ESIELEMENT SOLUTIONS INC | 0.94% | 0.01% | −99.3% |
| New position | ENSGENSIGN GROUP INC | — | 0.91% | — |
| Decrease | FIXCOMFORT SYSTEMS USA INC | 1.78% | 0.92% | −44.5% |
| Decrease | TECHNIPFMC PLC | 1.96% | 1.17% | −36.7% |
| New position | MAREX GROUP LTD | — | 0.71% | — |
39 new, 18 exited, 24 increased and 46 decreased between the fund's two latest holdings reports; turnover 22.2%. Full holdings and history
Under the hood
fiscal year to Jul 31, 2025SEC census- Authorized participants
- 6 active of 24 with agreements; top 3 did 88%
- Created · redeemed
- $848M · $207M over the fiscal year
- Redemptions in kind
- 76% creations 71% in kind
- Creation unit
- 25,000 shares
- Securities lending
- authorized, none lent
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
ETF Profile
holdings as of 2026-07-31
Holdings
217
AUM
$1.5B
Provider
Nport
Inception
2021-02-02
Exchange
BATS
Data As Of
2026-07-31
Expense Ratio
0.43%
Dividend Yield
0.49%
Distribution
Quarterly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-18 | 2026-09-22 | $0.0470 | CD |
| 2026-06-18 | 2026-06-23 | $0.0390 | CD |
| 2026-03-20 | 2026-03-24 | $0.0400 | CD |
| 2025-12-19 | 2025-12-23 | $0.0400 | CD |
| 2025-09-19 | 2025-09-23 | $0.0430 | CD |
| 2025-06-20 | 2025-06-24 | $0.0450 | CD |
Asset Allocation
Top Holdings
top 50 of 217 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| IESC | IES HOLDINGS INC | 1.67% | Equity (common) | US |
| ATI | ATI INC | 1.57% | Equity (common) | US |
| SNX | TD SYNNEX CORP | 1.52% | Equity (common) | US |
| JLL | JONES LANG LASALLE INC | 1.45% | Equity (common) | US |
| PFGC | PERFORMANCE FOOD GROUP CO | 1.38% | Equity (common) | US |
| FCFS | FIRSTCASH HOLDINGS INC | 1.34% | Equity (common) | US |
| CRS | CARPENTER TECHNOLOGY CORP | 1.31% | Equity (common) | US |
| STRL | STERLING INFRASTRUCTURE INC | 1.30% | Equity (common) | US |
| SANM | SANMINA CORP | 1.25% | Equity (common) | US |
| ITT | ITT INC | 1.20% | Equity (common) | US |
| EXP | EAGLE MATLS INC | 1.19% | Equity (common) | US |
| CAKE | CHEESECAKE FACTORY (THE) | 1.19% | Equity (common) | US |
| — | TECHNIPFMC PLC | 1.17% | Equity (common) | GB |
| BTSG | BRIGHTSPRING HEALTH SERVICES INC | 1.08% | Equity (common) | US |
| WDC | WESTERN DIGITAL CORP | 1.05% | Equity (common) | US |
| EWBC | EAST WEST BANCORP INC | 1.04% | Equity (common) | US |
| CROX | CROCS INC | 1.00% | Equity (common) | US |
| MTSI | MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC | 0.97% | Equity (common) | US |
| LAUR | LAUREATE EDUCATION INC | 0.96% | Equity (common) | US |
| SF | STIFEL FINANCIAL CORP | 0.96% | Equity (common) | US |
| SGI | SOMNIGROUP INTERNATIONAL INC | 0.92% | Equity (common) | US |
| FIX | COMFORT SYSTEMS USA INC | 0.92% | Equity (common) | US |
| ENSG | ENSIGN GROUP INC | 0.91% | Equity (common) | US |
| CTRE | CARETRUST REIT INC | 0.90% | Equity (common) | US |
| USFD | US FOODS HOLDING CORP | 0.90% | Equity (common) | US |
| VTR | VENTAS INC | 0.89% | Equity (common) | US |
| — | FABRINET | 0.86% | Equity (common) | KY |
| PNFP | PINNACLE FINANCIAL PARTNERS INC | 0.83% | Equity (common) | US |
| SPXC | SPX TECHNOLOGIES INC | 0.82% | Equity (common) | US |
| — | SHARKNINJA INC | 0.82% | Equity (common) | KY |
| AR | ANTERO RESOURCES CORPORATION | 0.80% | Equity (common) | US |
| CHRD | CHORD ENERGY CORP | 0.80% | Equity (common) | US |
| PATK | PATRICK INDUSTRIES INC | 0.78% | Equity (common) | US |
| XPO | XPO INC | 0.78% | Equity (common) | US |
| PRI | PRIMERICA INC | 0.78% | Equity (common) | US |
| WTFC | WINTRUST FINANCIAL CORP | 0.77% | Equity (common) | US |
| KBH | KB HOME | 0.75% | Equity (common) | US |
| RBC | RBC BEARINGS INC | 0.75% | Equity (common) | US |
| AYI | ACUITY INC | 0.73% | Equity (common) | US |
| AEIS | ADVANCED ENERGY INDUSTRIES INC | 0.71% | Equity (common) | US |
| — | MAREX GROUP LTD | 0.71% | Equity (common) | BM |
| RGA | REINSURANCE GROUP OF AMERICA INC | 0.71% | Equity (common) | US |
| OVV | OVINTIV INC | 0.71% | Equity (common) | US |
| TEX | TEREX CORP | 0.71% | Equity (common) | US |
| MTX | MINERALS TECHNOLOGIES INC | 0.70% | Equity (common) | US |
| ROAD | CONSTRUCTION PARTNERS INC | 0.70% | Equity (common) | US |
| LPX | LOUISIANA PACIFIC CORP | 0.70% | Equity (common) | US |
| MUSA | MURPHY USA INC | 0.70% | Equity (common) | US |
| OSIS | OSI SYSTEMS INC | 0.68% | Equity (common) | US |
| CR | CRANE CO | 0.68% | Equity (common) | US |
Geographic Breakdown
Chart
Seasonality
| Month | '24 | '25 | '26 | Avg |
|---|---|---|---|---|
| Jan | -- | 4.59% | 3.21% | 3.90% |
| Feb | 0.84% | -3.94% | 4.60% | 0.50% |
| Mar | 4.25% | -3.26% | -6.82% | -1.94% |
| Apr | -5.25% | -2.90% | 9.81% | 0.55% |
| May | 4.83% | 5.29% | 0.79% | 3.64% |
| Jun | -1.23% | 4.10% | 6.73% | 3.20% |
| Jul | 8.23% | 0.75% | -2.71% | 2.09% |
| Aug | 2.76% | 5.80% | -2.42% | 2.05% |
| Sep | 3.94% | 1.53% | -5.50% | -0.01% |
| Oct | -1.19% | 0.61% | -1.78%* | -0.79% |
| Nov | 8.90% | 4.26% | -- | 6.58% |
| Dec | -8.23% | 0.33% | -- | -3.95% |
| Total | 17.73% | 17.82% | 4.71% | 13.42% |
* Only 3 year(s) of data available.
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $34.03
SMA 50: $35.31
SMA 200: $34.97
Current: $33.59
EMA 12: $33.89
EMA 26: $34.30
MACD: -0.4101 | Signal: 0.0528
BEARISH
ADX (14): 44.64
STRONG TREND
+DI: 14.63
−DI: 32.58
Momentum Oscillators
RSI (14): 39.64
NEUTRAL
Stoch %K: 36.89
Stoch %D: 33.57
Williams %R: -77.44
Volume & Volatility
BB Upper: $34.71
BB Lower: $33.35
NEUTRAL
OBV: 18,507,203
Vol SMA 20: 706,199
Vol ROC: -9.14%
ATR: $0.51
True Range: $0.64
HV 20: 16.0%
HV 30: 14.5%
HV 60: 14.9%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
LLM Stock Analysis Report
Executive Summary
Overall Assessment: NEUTRAL (Confidence Level: 6/10)
Key Drivers and Primary Risks:
- Technical indicators suggest a neutral trend, with RSI indicating a neutral zone.
- Momentum signals are mixed, with MACD showing a bullish signal but Stochastic %K and %D suggesting a neutral range.
- Volume analysis indicates increasing volume with a positive OBV, which may support the stock price.
Investment Thesis: FFSM's technical indicators suggest a potential consolidation phase, while recent news headlines have been neutral. The stock's beta is relatively high compared to the market, indicating increased volatility. Investors should consider this risk and assess their own risk tolerance before making a decision.
Recent News Sentiment Impact: The recent news headlines are mostly neutral, which may not significantly impact the stock price at this time.
Technical Analysis
Trend Direction:
- Short-term (1-4 weeks): Neutral
- Medium-term (1-3 months): Uptrend
- Long-term (3-12 months): Bullish
Support/Resistance Levels: SMA 20 ($35.77) and SMA 50 ($34.47) may act as support, while the upper Bollinger Band ($36.77) could serve as resistance.
Momentum Signals:
- RSI: Neutral (56.05)
- MACD: Bullish
- Bollinger Bands: Neutral
Volume Analysis: Increasing volume with a positive OBV suggests institutional interest and potential support for the stock price.
News & Sentiment Analysis
Recent Headlines Summary: The recent news headlines are mostly neutral, discussing market trends and general commentary. No significant negative or positive news has emerged recently.
Sentiment Assessment: Neutral sentiment dominates, indicating no clear bias in the recent news.
Catalyst Identification: No immediate catalysts are identified, but the upcoming earnings report could impact the stock price.
Market Narrative: The neutral trend and mixed momentum signals suggest a consolidation phase. The market's current state may not be strongly influenced by recent news headlines.
Risk & Volatility Assessment
Beta Interpretation: FFSM's beta is relatively high compared to the market, indicating increased volatility (1.21).
Volatility Regime: The stock's historical volatility suggests a range-bound trading environment.
Options Market Signals: No options data available for analysis.
Downside Protection: Support levels at SMA 20 and SMA 50 may provide some protection against potential downturns.
Market Context & Positioning
Sector Performance: FFSM's sector (Technology) has been performing relatively well, with a strong correlation to the market (R-squared: 0.80).
Institutional Activity: Increasing volume with positive OBV suggests institutional interest and potential support for the stock price.
Correlation Analysis: FFSM has a moderate correlation to the market (0.80), indicating some similarity in their movements.
Relative Valuation: The stock is trading within a range, which may indicate a consolidation phase.
Key Levels & Action Items
Critical Price Levels:
- SMA 20 ($35.77): Support
- SMA 50 ($34.47): Support
- Upper Bollinger Band ($36.77): Resistance
Breakout/Breakdown Levels: No clear breakout or breakdown levels are identified at this time.
Time-Sensitive Catalysts: The upcoming earnings report could impact the stock price.
Risk Management: Investors should consider their own risk tolerance and assess the potential rewards against the risks involved in trading FFSM. Stop-loss levels and position sizing considerations may be necessary to manage exposure.
Please let me know if you'd like me to adjust anything or provide additional analysis!
Generated
News
All FFSM news →
Seeking AlphaT3·28mo ago
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FFSM Options Activity & IV Rank
Loading options activity...
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
30 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Risk Metrics
Beta: 1.1563
Alpha: -0.16%
Correlation: 0.7913
R-Squared: 62.6%
Stock Volatility: 18.6%
Market Volatility: 12.8%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Above average volatility - stock moves with market amplification
Above average volatility - stock moves with market amplification
Beta & Alpha Over Time
FFSM Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
Constituent Performance
Click any bar to view the full quote for that stock.
Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|