Fidelity Covington Trust - Enhanced Mid Cap ETF Price & Performance (FMDE)

The Fidelity Covington Trust - Enhanced Large Cap Growth ETF climbed 1.58% to $34.64 on Tuesday, with trading volume hitting 2 million shares. Despite a short-term positive outlook, analysts caution that a correction may be ahead as the ETF is considered overbought, suggesting increased volatility in the near term.1

Fidelity Covington Trust - Enhanced Mid Cap ETF closed at $33.42, up 0.57% on Tuesday. The ETF shows strong buy signals from technical indicators, though a drop in trading volume raises caution. Analysts see a medium risk with a likely short-term correction, but current levels may still offer buying opportunities.23

Fidelity Covington Trust - Enhanced International ETF edged up 0.22% to $31.51 on Tuesday, marking its third consecutive gain. Increased trading volume and positive technical signals suggest short-term upside potential, though the ETF’s overbought status points to possible elevated volatility ahead.4