Fidelity Market Neutral Alternative Fund

An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.

FMNA trades at 10.13 CAD today, its price has fallen −0.20% in the past 24 hours. Track more dynamics on FMNA price chart.

FMNA net asset value is 10.14 today — it's fallen 0.07% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.

FMNA assets under management is ‪2.13 M‬ CAD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.

FMNA price has fallen by −0.20% over the last month, and its yearly performance shows a 0.20% increase. See more dynamics on FMNA price chart.
NAV returns, another gauge of an ETF dynamics, have risen by −0.07% over the last month, have fallen by −0.07% over the last month, showed a −4.55% decrease in three-month performance and has increased by 2.54% in a year.

FMNA fund flows account for ‪−2.05 M‬ CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.

Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.

FMNA invests in stocks. See more details in our Profile section.

No, FMNA isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.

In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, FMNA technical analysis shows the sell rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating FMNA shows the strong sell signal. See more of FMNA technicals for a more comprehensive analysis.

No, FMNA doesn't pay dividends to its holders.

FMNA trades at a premium (0.08%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.

FMNA shares are issued by 483A Bay Street Holdings LP

FMNA follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.

The fund started trading on Feb 1, 2024.