Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) Sees Significant Growth in Short Interest

Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) was the recipient of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 72,908 shares, an increase of 133.4% from the June 15th total of 31,238 shares. Based on an average trading volume of 108,494 shares, the short-interest ratio is presently 0.7 days. Approximately 0.1% of the company’s shares are short sold.

Fidelity Small-Mid Multifactor ETF Trading Up 0.4%

Shares of Fidelity Small-Mid Multifactor ETF stock traded up $0.22 during trading hours on Tuesday, reaching $51.20. The stock had a trading volume of 109,838 shares, compared to its average volume of 138,964. The firm has a 50 day simple moving average of $50.69 and a two-hundred day simple moving average of $47.80. The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of 16.74 and a beta of 0.93. Fidelity Small-Mid Multifactor ETF has a 1 year low of $40.79 and a 1 year high of $53.00.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Western Wealth Management LLC purchased a new stake in Fidelity Small-Mid Multifactor ETF during the first quarter worth approximately $27,000. Toth Financial Advisory Corp acquired a new stake in shares of Fidelity Small-Mid Multifactor ETF in the fourth quarter worth $28,000. EverSource Wealth Advisors LLC purchased a new position in shares of Fidelity Small-Mid Multifactor ETF in the 2nd quarter valued at $33,000. Global Assets Advisory LLC acquired a new position in shares of Fidelity Small-Mid Multifactor ETF during the 1st quarter valued at $35,000. Finally, Creative Financial Designs Inc. ADV lifted its holdings in shares of Fidelity Small-Mid Multifactor ETF by 283.9% during 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.

About Fidelity Small-Mid Multifactor ETF

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.