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

Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) saw a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 25,075 shares, a decline of 55.3% from the January 29th total of 56,045 shares. Based on an average daily volume of 195,123 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 195,123 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Fidelity Small-Mid Multifactor ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada lifted its holdings in Fidelity Small-Mid Multifactor ETF by 30.9% during the 1st quarter. Royal Bank of Canada now owns 18,651 shares of the company’s stock worth $730,000 after buying an additional 4,399 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Fidelity Small-Mid Multifactor ETF by 104.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 41,957 shares of the company’s stock valued at $1,643,000 after acquiring an additional 21,452 shares in the last quarter. Jane Street Group LLC raised its position in shares of Fidelity Small-Mid Multifactor ETF by 113.0% during the 1st quarter. Jane Street Group LLC now owns 165,027 shares of the company’s stock valued at $6,462,000 after acquiring an additional 87,542 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Fidelity Small-Mid Multifactor ETF by 44.3% in the second quarter. Envestnet Asset Management Inc. now owns 631,790 shares of the company’s stock worth $26,200,000 after purchasing an additional 193,853 shares during the period. Finally, Spire Wealth Management increased its stake in Fidelity Small-Mid Multifactor ETF by 85,058.3% during the second quarter. Spire Wealth Management now owns 20,438 shares of the company’s stock valued at $848,000 after purchasing an additional 20,414 shares during the last quarter.

Fidelity Small-Mid Multifactor ETF Price Performance

Shares of NYSEARCA:FSMD traded down $0.72 during midday trading on Friday, reaching $46.87. The company had a trading volume of 27,733 shares, compared to its average volume of 165,711. Fidelity Small-Mid Multifactor ETF has a one year low of $33.95 and a one year high of $47.79. The stock has a market capitalization of $2.08 billion, a P/E ratio of 16.74 and a beta of 0.98. The stock’s fifty day moving average price is $46.06 and its 200-day moving average price is $44.51.

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.