Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) Short Interest Update

Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) was the target of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 250,058 shares, an increase of 252.0% from the April 15th total of 71,031 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 723,454 shares, the short-interest ratio is presently 0.3 days.

Fidelity Enhanced Small Cap ETF Stock Performance

Shares of FESM stock traded up $0.26 during trading on Thursday, hitting $44.39. The company had a trading volume of 956,528 shares, compared to its average volume of 687,241. The firm has a market capitalization of $4.99 billion, a P/E ratio of 16.78 and a beta of 1.37. The stock’s 50-day moving average price is $40.34 and its 200 day moving average price is $39.25. Fidelity Enhanced Small Cap ETF has a one year low of $29.70 and a one year high of $45.14.

Institutional Investors Weigh In On Fidelity Enhanced Small Cap ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cornerstone Planning Group LLC lifted its stake in Fidelity Enhanced Small Cap ETF by 69.7% during the third quarter. Cornerstone Planning Group LLC now owns 750 shares of the company’s stock worth $28,000 after purchasing an additional 308 shares during the last quarter. Johnson Financial Group Inc. bought a new stake in Fidelity Enhanced Small Cap ETF during the fourth quarter worth $66,000. Harbor Asset Planning Inc. lifted its stake in Fidelity Enhanced Small Cap ETF by 18.1% during the fourth quarter. Harbor Asset Planning Inc. now owns 1,954 shares of the company’s stock worth $74,000 after purchasing an additional 299 shares during the last quarter. PNC Financial Services Group Inc. bought a new stake in Fidelity Enhanced Small Cap ETF during the fourth quarter worth $83,000. Finally, IFP Advisors Inc bought a new stake in Fidelity Enhanced Small Cap ETF during the fourth quarter worth $85,000.

About Fidelity Enhanced Small Cap ETF

The Fidelity Enhanced Small Cap ETF (FESM) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is an actively managed fund that invests in US, small-cap companies. Stock selection is based on computer-aided analysis, which chooses stocks belonging to the Russel 2000 Index. FESM was launched on Dec 20, 2007 and is issued by Fidelity.