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

Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) saw a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 133,667 shares, a decrease of 71.0% from the June 30th total of 460,392 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 883,367 shares, the short-interest ratio is currently 0.2 days.

Fidelity Enhanced Mid Cap ETF Trading Up 0.8%

Shares of FMDE stock traded up $0.31 on Monday, hitting $40.88. 823,919 shares of the stock were exchanged, compared to its average volume of 956,189. The firm has a market capitalization of $7.61 billion, a PE ratio of 20.20 and a beta of 0.91. Fidelity Enhanced Mid Cap ETF has a one year low of $34.06 and a one year high of $41.02. The firm’s 50 day moving average is $39.98 and its two-hundred day moving average is $38.28.

Institutional Investors Weigh In On Fidelity Enhanced Mid Cap ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Fidelity Enhanced Mid Cap ETF by 170.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 18,829,902 shares of the company’s stock valued at $685,032,000 after buying an additional 11,869,760 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Fidelity Enhanced Mid Cap ETF by 12,968.9% during the first quarter. Goldman Sachs Group Inc. now owns 2,544,393 shares of the company’s stock worth $79,741,000 after purchasing an additional 2,524,924 shares during the last quarter. Thrivent Financial for Lutherans bought a new position in Fidelity Enhanced Mid Cap ETF during the 4th quarter worth approximately $84,551,000. Ameriprise Financial Inc. boosted its holdings in Fidelity Enhanced Mid Cap ETF by 8,528.5% in the third quarter. Ameriprise Financial Inc. now owns 2,022,442 shares of the company’s stock worth $73,118,000 after purchasing an additional 1,999,003 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in Fidelity Enhanced Mid Cap ETF by 90.2% in the fourth quarter. Wells Fargo & Company MN now owns 3,432,732 shares of the company’s stock worth $124,883,000 after purchasing an additional 1,627,937 shares during the period.

Fidelity Enhanced Mid Cap ETF Company Profile

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.