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

Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) saw a significant drop in short interest in September. As of September 15th, there was short interest totaling 235,704 shares, a drop of 42.5% from the August 31st total of 410,161 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 754,952 shares, the days-to-cover ratio is currently 0.3 days.

Fidelity Enhanced Small Cap ETF Trading Up 0.6%

Fidelity Enhanced Small Cap ETF stock traded up $0.27 during mid-day trading on Thursday, hitting $45.22. The company had a trading volume of 1,595,761 shares, compared to its average volume of 780,230. Fidelity Enhanced Small Cap ETF has a 12-month low of $34.83 and a 12-month high of $48.93. The company’s fifty day moving average is $47.01 and its 200-day moving average is $44.85. The company has a market capitalization of $6.37 billion, a price-to-earnings ratio of 16.78 and a beta of 1.30.

Hedge Funds Weigh In On Fidelity Enhanced Small Cap ETF

Large investors have recently made changes to their positions in the company. World Investment Advisors purchased a new position in Fidelity Enhanced Small Cap ETF in the fourth quarter valued at $532,000. Beacon Financial Advisory LLC boosted its stake in shares of Fidelity Enhanced Small Cap ETF by 50.2% during the 2nd quarter. Beacon Financial Advisory LLC now owns 40,989 shares of the company’s stock worth $1,979,000 after acquiring an additional 13,701 shares in the last quarter. LPL Financial LLC grew its position in shares of Fidelity Enhanced Small Cap ETF by 66.6% during the 4th quarter. LPL Financial LLC now owns 4,286,386 shares of the company’s stock valued at $161,940,000 after acquiring an additional 1,713,064 shares during the period. TritonPoint Partners LLC acquired a new stake in shares of Fidelity Enhanced Small Cap ETF during the 4th quarter valued at about $1,331,000. Finally, KFG Wealth Management LLC purchased a new position in shares of Fidelity Enhanced Small Cap ETF in the 1st quarter valued at about $16,325,000.

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.