Fidelity Hedged Equity ETF (FHEQ)Equity Hedged | Exchange Traded Fund | Cboe US
34.15 USD
+0.03
(0.103%)
⇧
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 34.15 |
Hot Take ↕ | Aug. 22, 2026, 3:13 a.m. EDT
The Fidelity Hedged Equity ETF presents a classic case of a defensive instrument struggling to generate alpha in a rising market. While the underlying business quality is sound, evidenced by a solid 12.57% gain over the last year and a clean track record without recent declines, the hedging strategy has clearly capped performance, leaving the price hovering near its 52-week highs without room to run. The short-term outlook is neutral; the asset is trading within a tight range, and the statistical forecast suggests a minor uptick, but this is likely just noise given the structural drag of the hedge. Options flow confirms this hesitation, with traders buying protection against a potential dip rather than betting on a breakout. For income seekers, the yield is negligible at roughly 0.5%, offering no cushion against the opportunity cost of missing broader market gains. It remains a viable hold for capital preservation, but it lacks the offensive characteristics required for a bullish rating. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.029298 |
| MSTL | 0.030551 |
| AutoETS | 0.034637 |
| AutoARIMA | 0.034637 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 63% |
| H-stat | 4.24 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.401 |
| Excess Kurtosis | -0.98 |
| Attribute | Value |
|---|---|
| Trailing P/E | 23.86 |
As of Aug. 22, 2026, 3:13 a.m. EDT: Speculators are positioning for a modest downside move, evidenced by out-of-the-money put volume significantly exceeding call volume. Implied volatility is notably higher for puts (35%) compared to calls (21%), suggesting a fear premium for a drop to the $29 strike level, while call interest remains thin.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.13% | 0.59% | — | — |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-06-18 | 0.042 | 0.126506 |
| 2026-03-20 | 0.059 | 0.199797 |
| 2025-12-19 | 0.040 | 0.129366 |
| 2025-09-19 | 0.040 | 0.130421 |
| 2025-06-20 | 0.057 | 0.204301 |
| 2025-03-21 | 0.057 | 0.214205 |
| 2024-12-20 | 0.057 | 0.204962 |
| 2024-09-20 | 0.050 | 0.186511 |
| 2024-06-21 | 0.030 | 0.115920 |
| Attribute | Value |
|---|---|
| All Time High | 34.6 |
| All Time Low | 22.83 |
| Ask | 51.21 |
| Ask Size | 1,000 |
| Average Daily Volume10 Day | 71,260 |
| Average Daily Volume3 Month | 84,807 |
| Average Volume | 84,807 |
| Average Volume10Days | 71,260 |
| Beta3 Year | 0.0 |
| Bid | 16.79 |
| Bid Size | 200 |
| Category | Equity Hedged |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 34.35 |
| Day Low | 34.08 |
| Dividend Yield | 0.54 |
| Eps Trailing Twelve Months | 1.4312783 |
| Esg Populated | 0 |
| Exchange | BTS |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 33.53766 |
| Fifty Day Average Change | 0.61234283 |
| Fifty Day Average Change Percent | 0.018258365 |
| Fifty Two Week Change Percent | 15.37162 |
| Fifty Two Week High | 34.6 |
| Fifty Two Week High Change | -0.44999695 |
| Fifty Two Week High Change Percent | -0.0130056925 |
| Fifty Two Week Low | 28.84 |
| Fifty Two Week Low Change | 5.3100014 |
| Fifty Two Week Low Change Percent | 0.18411933 |
| Fifty Two Week Range | 28.84 - 34.6 |
| First Trade Date Milliseconds | 1,712,842,200,000 |
| Full Exchange Name | Cboe US |
| Fullday Change | 0.034999847 |
| Fullday Change Percent | 0.10259371 |
| Fullday Price | 34.15 |
| Fund Family | Fidelity Investments |
| Fund Inception Date | 1,712,620,800 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | Normally investing at least 80% of assets in equity securities. Investing in equity securities of companies with market capitalizations generally similar to companies in the S&P 500® Index or Russell 1000 Index. Generally using computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the S&P 500® Index. |
| Long Name | Fidelity Hedged Equity ETF |
| Market | us_market |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_1873341967 |
| Nav Price | 34.12045 |
| Net Assets | 928,896,960.0 |
| Net Expense Ratio | 0.48 |
| Open | 34.32 |
| Post Market Change | 0.0 |
| Post Market Change Percent | 0.0 |
| Post Market Price | 34.15 |
| Post Market Time | 1,787,959,806 |
| Previous Close | 34.115 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.0349998 |
| Regular Market Change Percent | 0.102594 |
| Regular Market Day High | 34.35 |
| Regular Market Day Low | 34.08 |
| Regular Market Day Range | 34.08 - 34.35 |
| Regular Market Open | 34.32 |
| Regular Market Previous Close | 34.115 |
| Regular Market Price | 34.15 |
| Regular Market Time | 1,787,947,200 |
| Regular Market Volume | 164,680 |
| Short Name | Fidelity Hedged Equity ETF |
| Source Interval | 15 |
| Symbol | FHEQ |
| Total Assets | 928,896,960 |
| Tradeable | 0 |
| Trailing P E | 23.85979 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 4.47181 |
| Trailing Three Month Returns | 4.47181 |
| Triggerable | 1 |
| Two Hundred Day Average | 31.82317 |
| Two Hundred Day Average Change | 2.3268318 |
| Two Hundred Day Average Change Percent | 0.07311754 |
| Type Disp | ETF |
| Volume | 164,680 |
| Yield | 0.0054 |
| Ytd Return | 8.61413 |