Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) Short Interest Update

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

Fidelity Small-Mid Multifactor ETF Stock Down 0.0%

Shares of Fidelity Small-Mid Multifactor ETF stock traded down $0.01 during trading on Thursday, reaching $51.06. The company’s stock had a trading volume of 43,381 shares, compared to its average volume of 137,849. The business has a 50 day moving average price of $50.70 and a 200-day moving average price of $47.84. Fidelity Small-Mid Multifactor ETF has a 12-month low of $40.79 and a 12-month high of $53.00. The company has a market capitalization of $2.52 billion, a P/E ratio of 16.74 and a beta of 0.93.

Institutional Investors Weigh In On Fidelity Small-Mid Multifactor ETF

Several institutional investors have recently made changes to their positions in FSMD. Focus Financial Network Inc. lifted its stake in shares of Fidelity Small-Mid Multifactor ETF by 1.2% in the second quarter. Focus Financial Network Inc. now owns 17,034 shares of the company’s stock valued at $900,000 after purchasing an additional 202 shares during the period. Equitable Holdings Inc. grew its position in Fidelity Small-Mid Multifactor ETF by 0.6% during the fourth quarter. Equitable Holdings Inc. now owns 37,490 shares of the company’s stock worth $1,654,000 after buying an additional 228 shares during the period. Principal Securities Inc. increased its holdings in Fidelity Small-Mid Multifactor ETF by 4.0% in the fourth quarter. Principal Securities Inc. now owns 6,924 shares of the company’s stock valued at $306,000 after buying an additional 268 shares in the last quarter. CLG LLC increased its holdings in Fidelity Small-Mid Multifactor ETF by 4.3% in the second quarter. CLG LLC now owns 7,204 shares of the company’s stock valued at $299,000 after buying an additional 298 shares in the last quarter. Finally, Spire Wealth Management lifted its position in shares of Fidelity Small-Mid Multifactor ETF by 1.6% during the 4th quarter. Spire Wealth Management now owns 22,299 shares of the company’s stock valued at $984,000 after acquiring an additional 352 shares during the period.

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.