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 growth in short interest during the month of September. As of September 15th, there was short interest totaling 61,132 shares, a growth of 67.4% from the August 31st total of 36,518 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 152,736 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On Fidelity Small-Mid Multifactor ETF

A number of institutional investors and hedge funds have recently modified their holdings of FSMD. Envestnet Asset Management Inc. lifted its stake in Fidelity Small-Mid Multifactor ETF by 12.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,369,532 shares of the company’s stock valued at $125,230,000 after acquiring an additional 260,764 shares during the period. Capital Analysts LLC increased its stake in shares of Fidelity Small-Mid Multifactor ETF by 50.4% in the second quarter. Capital Analysts LLC now owns 18,555 shares of the company’s stock worth $980,000 after acquiring an additional 6,220 shares during the period. NewEdge Advisors LLC raised its holdings in shares of Fidelity Small-Mid Multifactor ETF by 14,095.7% during the second quarter. NewEdge Advisors LLC now owns 6,530 shares of the company’s stock worth $345,000 after purchasing an additional 6,484 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of Fidelity Small-Mid Multifactor ETF by 3.4% during the second quarter. IFP Advisors Inc now owns 34,667 shares of the company’s stock worth $1,832,000 after purchasing an additional 1,147 shares during the last quarter. Finally, Allworth Financial LP lifted its position in Fidelity Small-Mid Multifactor ETF by 28.0% during the second quarter. Allworth Financial LP now owns 1,986 shares of the company’s stock valued at $105,000 after purchasing an additional 435 shares during the period.

Fidelity Small-Mid Multifactor ETF Stock Performance

Shares of NYSEARCA FSMD traded up $0.46 during mid-day trading on Thursday, hitting $49.63. The stock had a trading volume of 193,576 shares, compared to its average volume of 135,091. The firm has a market cap of $2.51 billion, a PE ratio of 16.74 and a beta of 0.93. The company has a 50 day moving average of $51.14 and a two-hundred day moving average of $49.79. Fidelity Small-Mid Multifactor ETF has a twelve month low of $41.86 and a twelve month high of $53.48.

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.