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

Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) was the target of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 134,525 shares, a decrease of 81.1% from the May 14th total of 712,772 shares. Based on an average daily trading volume, of 624,409 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

Fidelity Enhanced Small Cap ETF Stock Performance

Shares of Fidelity Enhanced Small Cap ETF stock traded up $1.33 on Thursday, hitting $45.87. The company had a trading volume of 1,172,910 shares, compared to its average volume of 680,274. The stock has a market capitalization of $5.16 billion, a price-to-earnings ratio of 16.78 and a beta of 1.35. Fidelity Enhanced Small Cap ETF has a 1 year low of $30.37 and a 1 year high of $45.94. The stock has a 50 day moving average of $43.13 and a 200-day moving average of $40.45.

Institutional Trading of Fidelity Enhanced Small Cap ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Harbor Asset Planning Inc. grew its holdings in shares of Fidelity Enhanced Small Cap ETF by 18.1% in the fourth quarter. Harbor Asset Planning Inc. now owns 1,954 shares of the company’s stock valued at $74,000 after acquiring an additional 299 shares in the last quarter. KWB Wealth boosted its holdings in shares of Fidelity Enhanced Small Cap ETF by 3.9% in the fourth quarter. KWB Wealth now owns 9,984 shares of the company’s stock worth $377,000 after acquiring an additional 371 shares during the period. Valmark Advisers Inc. boosted its stake in Fidelity Enhanced Small Cap ETF by 1.6% during the fourth quarter. Valmark Advisers Inc. now owns 29,792 shares of the company’s stock valued at $1,126,000 after buying an additional 476 shares during the period. Balance Wealth LLC boosted its stake in Fidelity Enhanced Small Cap ETF by 1.8% during the fourth quarter. Balance Wealth LLC now owns 27,965 shares of the company’s stock valued at $1,057,000 after buying an additional 498 shares during the period. Finally, Madison Wealth Partners Inc lifted its stake in Fidelity Enhanced Small Cap ETF by 3.8% during the fourth quarter. Madison Wealth Partners Inc now owns 13,509 shares of the company’s stock worth $510,000 after purchasing an additional 498 shares during the last quarter.

Fidelity Enhanced Small Cap ETF Company Profile

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.