Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) Sees Significant Growth in Short Interest

Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totaling 500,897 shares, an increase of 158.7% from the November 30th total of 193,625 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 581,775 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily trading volume, of 581,775 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.4% of the shares of the company are sold short.

Fidelity Enhanced Mid Cap ETF Price Performance

Shares of FMDE stock traded up $0.01 during trading hours on Friday, reaching $36.90. 332,272 shares of the company traded hands, compared to its average volume of 521,622. The firm has a 50-day moving average price of $36.03 and a 200 day moving average price of $35.47. The company has a market cap of $4.19 billion, a P/E ratio of 20.20 and a beta of 1.13. Fidelity Enhanced Mid Cap ETF has a 12-month low of $26.93 and a 12-month high of $37.20.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. TrueWealth Advisors LLC purchased a new position in shares of Fidelity Enhanced Mid Cap ETF in the 3rd quarter worth $3,843,000. Williams & Novak LLC purchased a new stake in shares of Fidelity Enhanced Mid Cap ETF during the 2nd quarter valued at about $223,000. Smithfield Trust Co lifted its holdings in shares of Fidelity Enhanced Mid Cap ETF by 48.5% in the 2nd quarter. Smithfield Trust Co now owns 10,715 shares of the company’s stock valued at $368,000 after acquiring an additional 3,500 shares during the last quarter. D.A. Davidson & CO. lifted its holdings in shares of Fidelity Enhanced Mid Cap ETF by 0.4% in the 2nd quarter. D.A. Davidson & CO. now owns 81,673 shares of the company’s stock valued at $2,811,000 after acquiring an additional 292 shares during the last quarter. Finally, Mcrae Capital Management Inc. purchased a new position in Fidelity Enhanced Mid Cap ETF in the second quarter worth about $1,092,000.

About Fidelity Enhanced Mid Cap ETF

The Fidelity Enhanced Mid Cap ETF (FMDE) is an exchange-traded fund that mostly invests in mid cap equity. The fund is an actively managed fund that invests in US, mid-cap companies. Stock selection is based on computer-aided analysis, which chooses stocks belonging to the Russel Midcap Index. FMDE was launched on Dec 20, 2007 and is issued by Fidelity.