Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) Short Interest Up 129.7% in January

Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) saw a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 56,045 shares, a growth of 129.7% from the January 15th total of 24,395 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 139,799 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 139,799 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the shares of the stock are sold short.

Fidelity Small-Mid Multifactor ETF Trading Down 1.4%

Shares of Fidelity Small-Mid Multifactor ETF stock traded down $0.68 during trading on Thursday, reaching $46.61. The company’s stock had a trading volume of 108,994 shares, compared to its average volume of 167,634. Fidelity Small-Mid Multifactor ETF has a one year low of $33.95 and a one year high of $47.79. The stock has a 50-day moving average price of $45.50 and a two-hundred day moving average price of $44.13. The stock has a market capitalization of $2.06 billion, a P/E ratio of 16.74 and a beta of 0.98.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Advisory Services Network LLC raised its holdings in Fidelity Small-Mid Multifactor ETF by 112.6% in the second quarter. Advisory Services Network LLC now owns 138,702 shares of the company’s stock worth $5,812,000 after purchasing an additional 73,452 shares during the period. BKM Wealth Management LLC acquired a new position in Fidelity Small-Mid Multifactor ETF in the second quarter valued at about $232,000. Envestnet Asset Management Inc. raised its position in shares of Fidelity Small-Mid Multifactor ETF by 44.3% during the second quarter. Envestnet Asset Management Inc. now owns 631,790 shares of the company’s stock worth $26,200,000 after purchasing an additional 193,853 shares during the period. Avantax Advisory Services Inc. lifted its holdings in shares of Fidelity Small-Mid Multifactor ETF by 26.6% during the 2nd quarter. Avantax Advisory Services Inc. now owns 54,221 shares of the company’s stock valued at $2,249,000 after purchasing an additional 11,400 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its position in shares of Fidelity Small-Mid Multifactor ETF by 170.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 180,718 shares of the company’s stock valued at $7,953,000 after purchasing an additional 113,987 shares during the period.

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.