Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) Shares Shorted: Short Interest Down 42.5% in September

Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) was the recipient of a large drop in short interest during the month of 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. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 754,952 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of Fidelity Enhanced Small Cap ETF

A number of hedge funds have recently bought and sold shares of FESM. Envestnet Asset Management Inc. increased its position in shares of Fidelity Enhanced Small Cap ETF by 41.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,501,451 shares of the company’s stock valued at $72,505,000 after purchasing an additional 441,088 shares during the last quarter. Capital Analysts LLC grew its position in Fidelity Enhanced Small Cap ETF by 1.2% during the second quarter. Capital Analysts LLC now owns 851,673 shares of the company’s stock valued at $41,127,000 after buying an additional 9,816 shares during the period. NewEdge Advisors LLC increased its holdings in Fidelity Enhanced Small Cap ETF by 1.1% during the second quarter. NewEdge Advisors LLC now owns 107,057 shares of the company’s stock worth $5,170,000 after buying an additional 1,119 shares during the last quarter. Baird Financial Group Inc. raised its position in Fidelity Enhanced Small Cap ETF by 4.0% in the second quarter. Baird Financial Group Inc. now owns 392,125 shares of the company’s stock worth $18,936,000 after acquiring an additional 14,911 shares during the period. Finally, Allworth Financial LP raised its position in Fidelity Enhanced Small Cap ETF by 165.8% in the second quarter. Allworth Financial LP now owns 5,980 shares of the company’s stock worth $289,000 after acquiring an additional 3,730 shares during the period.

Fidelity Enhanced Small Cap ETF Stock Performance

Shares of Fidelity Enhanced Small Cap ETF stock traded down $0.11 during mid-day trading on Wednesday, hitting $44.95. 2,386,755 shares of the stock were exchanged, compared to its average volume of 775,869. Fidelity Enhanced Small Cap ETF has a 12 month low of $34.83 and a 12 month high of $48.93. The company has a 50-day simple moving average of $47.06 and a 200 day simple moving average of $44.80. The company has a market capitalization of $6.33 billion, a P/E ratio of 16.78 and a beta of 1.30.

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.