Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) Sees Large Decline in Short Interest

Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) saw a large drop in short interest in February. As of February 13th, there was short interest totaling 25,075 shares, a drop of 55.3% from the January 29th total of 56,045 shares. Based on an average daily volume of 195,123 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 195,123 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On Fidelity Small-Mid Multifactor ETF

Large investors have recently bought and sold shares of the business. Equitable Holdings Inc. increased its holdings in shares of Fidelity Small-Mid Multifactor ETF by 0.6% in the fourth quarter. Equitable Holdings Inc. now owns 37,490 shares of the company’s stock valued at $1,654,000 after purchasing an additional 228 shares in the last quarter. Principal Securities Inc. increased its stake in shares of Fidelity Small-Mid Multifactor ETF by 4.0% in the 4th quarter. Principal Securities Inc. now owns 6,924 shares of the company’s stock valued at $306,000 after buying an additional 268 shares during the period. CLG LLC increased its stake in shares of Fidelity Small-Mid Multifactor ETF by 4.3% in the 2nd quarter. CLG LLC now owns 7,204 shares of the company’s stock valued at $299,000 after buying an additional 298 shares during the period. Allworth Financial LP raised its position in shares of Fidelity Small-Mid Multifactor ETF by 80.7% during the second quarter. Allworth Financial LP now owns 683 shares of the company’s stock worth $28,000 after acquiring an additional 305 shares during the last quarter. Finally, Spire Wealth Management lifted its stake in shares of Fidelity Small-Mid Multifactor ETF by 1.6% during the fourth quarter. Spire Wealth Management now owns 22,299 shares of the company’s stock valued at $984,000 after acquiring an additional 352 shares during the period.

Fidelity Small-Mid Multifactor ETF Trading Down 1.5%

NYSEARCA FSMD traded down $0.72 on Friday, reaching $46.87. The company’s stock had a trading volume of 27,733 shares, compared to its average volume of 165,711. Fidelity Small-Mid Multifactor ETF has a 52 week low of $33.95 and a 52 week high of $47.79. The firm has a market cap of $2.08 billion, a PE ratio of 16.74 and a beta of 0.98. The business has a 50-day moving average price of $46.06 and a 200 day moving average price of $44.51.

Fidelity Small-Mid Multifactor ETF Company Profile

The Fidelity Small-Mid Factor ETF (FSMD) is an exchange-traded fund that is based on the Fidelity Small-Mid Multifactor index. The fund tracks a multi-factored index of US companies. FSMD was launched on Feb 26, 2019 and is managed by Fidelity.