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

Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) was the target of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 118,318 shares, an increase of 371.9% from the February 12th total of 25,075 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 172,473 shares, the short-interest ratio is presently 0.7 days. Based on an average daily trading volume, of 172,473 shares, the short-interest ratio is presently 0.7 days. Currently, 0.3% of the shares of the stock are short sold.

Fidelity Small-Mid Multifactor ETF Price Performance

NYSEARCA:FSMD traded down $0.90 during trading hours on Thursday, reaching $44.23. 100,277 shares of the company were exchanged, compared to its average volume of 162,872. The business has a 50 day moving average of $46.26 and a 200 day moving average of $44.72. Fidelity Small-Mid Multifactor ETF has a 1-year low of $33.95 and a 1-year high of $47.79. The company has a market capitalization of $1.96 billion, a P/E ratio of 16.74 and a beta of 0.98.

Institutional Trading of Fidelity Small-Mid Multifactor ETF

Several large investors have recently modified their holdings of FSMD. Kestra Investment Management LLC bought a new position in shares of Fidelity Small-Mid Multifactor ETF in the fourth quarter worth $55,484,000. Commonwealth Equity Services LLC lifted its position in Fidelity Small-Mid Multifactor ETF by 18.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 3,052,013 shares of the company’s stock worth $134,685,000 after purchasing an additional 480,484 shares during the period. Goldstone Financial Group LLC acquired a new stake in Fidelity Small-Mid Multifactor ETF during the third quarter worth about $13,953,000. GEN Financial Management INC. acquired a new stake in Fidelity Small-Mid Multifactor ETF during the fourth quarter worth about $13,180,000. Finally, Bank of America Corp DE grew its stake in Fidelity Small-Mid Multifactor ETF by 30.6% during the second quarter. Bank of America Corp DE now owns 1,116,813 shares of the company’s stock worth $46,314,000 after buying an additional 261,808 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.