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

Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) was the target of a significant increase in short interest in January. As of January 30th, there was short interest totaling 56,045 shares, an increase of 129.7% from the January 15th total of 24,395 shares. Based on an average trading volume of 139,799 shares, the short-interest ratio is presently 0.4 days. Currently, 0.1% of the company’s stock are short sold. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 139,799 shares, the short-interest ratio is presently 0.4 days.

Fidelity Small-Mid Multifactor ETF Trading Down 1.4%

NYSEARCA FSMD traded down $0.68 on Thursday, reaching $46.61. The stock had a trading volume of 108,994 shares, compared to its average volume of 167,634. Fidelity Small-Mid Multifactor ETF has a 1 year low of $33.95 and a 1 year high of $47.79. The business has a 50 day moving average price of $45.50 and a 200 day moving average price of $44.13. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 16.74 and a beta of 0.98.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Principal Securities Inc. boosted its holdings in Fidelity Small-Mid Multifactor ETF by 4.0% in the fourth quarter. Principal Securities Inc. now owns 6,924 shares of the company’s stock worth $306,000 after purchasing an additional 268 shares in the last quarter. CLG LLC raised its stake in shares of Fidelity Small-Mid Multifactor ETF by 4.3% in the 2nd quarter. CLG LLC now owns 7,204 shares of the company’s stock valued at $299,000 after acquiring an additional 298 shares in the last quarter. Allworth Financial LP raised its stake in shares of Fidelity Small-Mid Multifactor ETF by 80.7% in the 2nd quarter. Allworth Financial LP now owns 683 shares of the company’s stock valued at $28,000 after acquiring an additional 305 shares in the last quarter. Spire Wealth Management lifted its holdings in Fidelity Small-Mid Multifactor ETF by 1.6% in the 4th quarter. Spire Wealth Management now owns 22,299 shares of the company’s stock worth $984,000 after purchasing an additional 352 shares during the last quarter. Finally, Merit Financial Group LLC boosted its position in Fidelity Small-Mid Multifactor ETF by 3.4% during the third quarter. Merit Financial Group LLC now owns 12,308 shares of the company’s stock worth $542,000 after purchasing an additional 410 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.