Short Interest in Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) Declines By 54.7%

Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totaling 226,818 shares, a decline of 54.7% from the December 15th total of 500,897 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 626,276 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 626,276 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FMDE. CreativeOne Wealth LLC grew its holdings in Fidelity Enhanced Mid Cap ETF by 2.5% during the second quarter. CreativeOne Wealth LLC now owns 11,734 shares of the company’s stock worth $404,000 after buying an additional 289 shares in the last quarter. D.A. Davidson & CO. lifted its stake in Fidelity Enhanced Mid Cap ETF by 0.4% during 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 in the last quarter. Geneos Wealth Management Inc. boosted its holdings in Fidelity Enhanced Mid Cap ETF by 15.6% during the 2nd quarter. Geneos Wealth Management Inc. now owns 2,450 shares of the company’s stock worth $84,000 after acquiring an additional 331 shares during the last quarter. Geneva Partners LLC grew its stake in shares of Fidelity Enhanced Mid Cap ETF by 2.5% in the 3rd quarter. Geneva Partners LLC now owns 15,703 shares of the company’s stock worth $568,000 after acquiring an additional 381 shares in the last quarter. Finally, Certified Advisory Corp grew its stake in shares of Fidelity Enhanced Mid Cap ETF by 1.0% in the 3rd quarter. Certified Advisory Corp now owns 38,431 shares of the company’s stock worth $1,389,000 after acquiring an additional 390 shares in the last quarter.

Fidelity Enhanced Mid Cap ETF Price Performance

Shares of Fidelity Enhanced Mid Cap ETF stock traded down $0.16 during trading on Friday, reaching $37.57. 994,153 shares of the company traded hands, compared to its average volume of 859,150. The firm has a market capitalization of $4.86 billion, a PE ratio of 20.20 and a beta of 1.13. Fidelity Enhanced Mid Cap ETF has a 1-year low of $26.93 and a 1-year high of $37.91. The company has a 50 day moving average price of $36.44 and a 200-day moving average price of $35.83.

Fidelity Enhanced Mid Cap ETF Company Profile

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.