Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) Sees Significant Growth in Short Interest

Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 72,908 shares, an increase of 133.4% from the June 15th total of 31,238 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 108,494 shares, the short-interest ratio is currently 0.7 days.

Institutional Investors Weigh In On Fidelity Small-Mid Multifactor ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Western Wealth Management LLC acquired a new position in Fidelity Small-Mid Multifactor ETF during the first quarter worth about $27,000. Toth Financial Advisory Corp purchased a new stake in Fidelity Small-Mid Multifactor ETF in the 4th quarter valued at approximately $28,000. Global Assets Advisory LLC acquired a new stake in Fidelity Small-Mid Multifactor ETF during the 1st quarter valued at $35,000. EverSource Wealth Advisors LLC purchased a new position in Fidelity Small-Mid Multifactor ETF during the second quarter worth $33,000. Finally, Creative Financial Designs Inc. ADV raised its holdings in shares of Fidelity Small-Mid Multifactor ETF by 283.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 975 shares of the company’s stock worth $43,000 after acquiring an additional 721 shares during the last quarter.

Fidelity Small-Mid Multifactor ETF Trading Up 0.4%

Shares of FSMD traded up $0.22 during mid-day trading on Tuesday, hitting $51.20. The company’s stock had a trading volume of 109,838 shares, compared to its average volume of 138,964. Fidelity Small-Mid Multifactor ETF has a 1-year low of $40.79 and a 1-year high of $53.00. The firm has a market capitalization of $2.53 billion, a P/E ratio of 16.74 and a beta of 0.93. The firm has a 50-day simple moving average of $50.69 and a 200 day simple moving average of $47.80.

Fidelity Small-Mid Multifactor ETF Company Profile

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.