Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE – Get Free Report) was the target of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 82,645 shares, a decrease of 69.0% from the August 15th total of 266,617 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 686,341 shares, the days-to-cover ratio is presently 0.1 days.
Fidelity Enhanced Mid Cap ETF Price Performance
Shares of NYSEARCA:FMDE traded up $0.42 during midday trading on Friday, reaching $41.45. 908,089 shares of the company’s stock were exchanged, compared to its average volume of 930,109. The firm’s 50 day simple moving average is $41.52 and its two-hundred day simple moving average is $39.41. The stock has a market cap of $7.84 billion, a price-to-earnings ratio of 20.20 and a beta of 0.91. Fidelity Enhanced Mid Cap ETF has a fifty-two week low of $34.33 and a fifty-two week high of $42.97.
Institutional Investors Weigh In On Fidelity Enhanced Mid Cap ETF
A number of institutional investors have recently made changes to their positions in the stock. Anchor Investment Management LLC acquired a new position in shares of Fidelity Enhanced Mid Cap ETF in the 4th quarter worth approximately $30,000. Cornerstone Planning Group LLC increased its holdings in Fidelity Enhanced Mid Cap ETF by 70.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 1,102 shares of the company’s stock valued at $43,000 after purchasing an additional 454 shares during the last quarter. Quattro Advisors LLC purchased a new stake in Fidelity Enhanced Mid Cap ETF in the fourth quarter valued at approximately $43,000. Root Financial Partners LLC purchased a new stake in Fidelity Enhanced Mid Cap ETF in the first quarter valued at approximately $54,000. Finally, Advisory Services Network LLC acquired a new position in Fidelity Enhanced Mid Cap ETF during the third quarter worth $75,000.
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.
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