Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) Short Interest Down 67.6% in May

Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) saw a large drop in short interest in May. As of May 29th, there was short interest totaling 19,239 shares, a drop of 67.6% from the May 14th total of 59,308 shares. Based on an average daily volume of 99,909 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

Fidelity Small-Mid Multifactor ETF Price Performance

FSMD opened at $49.76 on Thursday. Fidelity Small-Mid Multifactor ETF has a fifty-two week low of $40.18 and a fifty-two week high of $50.93. The business has a 50-day moving average of $48.68 and a 200-day moving average of $46.58. The company has a market capitalization of $2.41 billion, a PE ratio of 16.74 and a beta of 0.94.

Institutional Investors Weigh In On Fidelity Small-Mid Multifactor ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Western Wealth Management LLC purchased a new stake in shares of Fidelity Small-Mid Multifactor ETF during the 1st quarter worth about $27,000. Toth Financial Advisory Corp bought a new position in shares of Fidelity Small-Mid Multifactor ETF in the 4th quarter valued at approximately $28,000. EverSource Wealth Advisors LLC bought a new position in shares of Fidelity Small-Mid Multifactor ETF in the 2nd quarter valued at approximately $33,000. Global Assets Advisory LLC bought a new position in shares of Fidelity Small-Mid Multifactor ETF in the 1st quarter valued at approximately $35,000. Finally, Creative Financial Designs Inc. ADV raised its stake in shares of Fidelity Small-Mid Multifactor ETF by 283.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 975 shares of the company’s stock valued at $43,000 after acquiring an additional 721 shares in the last quarter.

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.