Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) Sees Large Decline in Short Interest

Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) saw a large decrease in short interest in October. As of October 30th, there was short interest totaling 13,729 shares, a decrease of 76.9% from the October 15th total of 59,352 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 285,441 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On Fidelity Small-Mid Multifactor ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Focus Financial Network Inc. raised its position in shares of Fidelity Small-Mid Multifactor ETF by 1.2% during the 2nd quarter. Focus Financial Network Inc. now owns 17,034 shares of the company’s stock valued at $900,000 after buying an additional 202 shares in the last quarter. FSA Wealth Partners Inc. grew its position in Fidelity Small-Mid Multifactor ETF by 0.3% in the third quarter. FSA Wealth Partners Inc. now owns 134,163 shares of the company’s stock worth $6,597,000 after acquiring an additional 345 shares in the last quarter. Allworth Financial LP grew its position in Fidelity Small-Mid Multifactor ETF by 28.0% in the second quarter. Allworth Financial LP now owns 1,986 shares of the company’s stock worth $105,000 after acquiring an additional 435 shares in the last quarter. Western Wealth Management LLC purchased a new position in Fidelity Small-Mid Multifactor ETF in the first quarter worth $27,000. Finally, Toth Financial Advisory Corp bought a new position in Fidelity Small-Mid Multifactor ETF in the third quarter valued at $32,000.

Fidelity Small-Mid Multifactor ETF Stock Down 0.0%

FSMD traded down $0.02 during trading on Friday, reaching $50.15. 76,645 shares of the company were exchanged, compared to its average volume of 148,749. Fidelity Small-Mid Multifactor ETF has a 12-month low of $41.86 and a 12-month high of $53.48. The company’s 50-day moving average is $50.06 and its two-hundred day moving average is $49.31. The company has a market cap of $2.48 billion, a price-to-earnings ratio of 16.43 and a beta of 0.95.

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.