Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) Sees Large Growth in Short Interest

Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 250,991 shares, a growth of 87.8% from the July 15th total of 133,667 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 906,996 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On Fidelity Enhanced Mid Cap ETF

Several institutional investors have recently bought and sold shares of FMDE. Redhawk Wealth Advisors Inc. bought a new stake in shares of Fidelity Enhanced Mid Cap ETF during the 2nd quarter worth about $11,422,000. Wealthcare Advisory Partners LLC raised its stake in shares of Fidelity Enhanced Mid Cap ETF by 0.5% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 55,911 shares of the company’s stock valued at $2,269,000 after acquiring an additional 285 shares in the last quarter. Herbst Group LLC lifted its holdings in Fidelity Enhanced Mid Cap ETF by 6.7% in the 2nd quarter. Herbst Group LLC now owns 8,000 shares of the company’s stock worth $325,000 after purchasing an additional 500 shares during the last quarter. Adamsbrown Wealth Consultants LLC lifted its holdings in Fidelity Enhanced Mid Cap ETF by 4.0% in the 2nd quarter. Adamsbrown Wealth Consultants LLC now owns 625,634 shares of the company’s stock worth $25,388,000 after purchasing an additional 24,145 shares during the last quarter. Finally, First Heartland Consultants Inc. lifted its holdings in Fidelity Enhanced Mid Cap ETF by 6.4% in the 2nd quarter. First Heartland Consultants Inc. now owns 145,203 shares of the company’s stock worth $5,892,000 after purchasing an additional 8,737 shares during the last quarter.

Fidelity Enhanced Mid Cap ETF Price Performance

Shares of FMDE stock traded down $0.24 on Monday, hitting $42.72. The company’s stock had a trading volume of 489,470 shares, compared to its average volume of 951,411. The stock has a market capitalization of $8.08 billion, a price-to-earnings ratio of 20.20 and a beta of 0.91. Fidelity Enhanced Mid Cap ETF has a fifty-two week low of $34.33 and a fifty-two week high of $42.97. The firm’s fifty day moving average price is $40.81 and its 200-day moving average price is $38.78.

About Fidelity Enhanced Mid Cap ETF

The Fidelity Enhanced Mid Cap ETF (FMDE) is an exchange-traded fund that mostly invests in mid cap equity. The fund is an actively managed fund that invests in US, mid-cap companies. Stock selection is based on computer-aided analysis, which chooses stocks belonging to the Russel Midcap Index. FMDE was launched on Dec 20, 2007 and is issued by Fidelity.