Short Interest in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) Decreases By 47.6%

Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) was the target of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 36,518 shares, a decrease of 47.6% from the August 15th total of 69,743 shares. Based on an average daily volume of 99,449 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Trading of Fidelity Small-Mid Multifactor ETF

Several hedge funds have recently bought and sold shares of FSMD. Retirement Planning Group LLC increased its holdings in shares of Fidelity Small-Mid Multifactor ETF by 28.5% in the first quarter. Retirement Planning Group LLC now owns 5,165,395 shares of the company’s stock worth $230,996,000 after purchasing an additional 1,144,782 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Fidelity Small-Mid Multifactor ETF by 12.5% during the 1st quarter. Bank of America Corp DE now owns 1,277,438 shares of the company’s stock valued at $57,127,000 after acquiring an additional 141,664 shares during the last quarter. Kestra Investment Management LLC purchased a new position in shares of Fidelity Small-Mid Multifactor ETF in the fourth quarter valued at $55,484,000. Sanctuary Advisors LLC increased its position in Fidelity Small-Mid Multifactor ETF by 94.5% in the first quarter. Sanctuary Advisors LLC now owns 841,578 shares of the company’s stock worth $37,635,000 after purchasing an additional 408,953 shares during the last quarter. Finally, Kestra Advisory Services LLC raised its stake in Fidelity Small-Mid Multifactor ETF by 14.4% during the first quarter. Kestra Advisory Services LLC now owns 558,311 shares of the company’s stock valued at $24,968,000 after purchasing an additional 70,166 shares in the last quarter.

Fidelity Small-Mid Multifactor ETF Stock Performance

FSMD traded up $0.28 during trading on Thursday, reaching $50.38. 26,153 shares of the company traded hands, compared to its average volume of 131,031. Fidelity Small-Mid Multifactor ETF has a 12-month low of $41.86 and a 12-month high of $53.48. The firm has a fifty day simple moving average of $51.42 and a 200 day simple moving average of $49.51. The company has a market cap of $2.49 billion, a P/E ratio of 16.74 and a beta of 0.93.

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.