Short Interest in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) Rises By 185.0%

Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) was the recipient of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 712,772 shares, a growth of 185.0% from the April 30th total of 250,058 shares. Based on an average daily trading volume, of 575,572 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.6% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in FESM. Harbor Asset Planning Inc. raised its stake in Fidelity Enhanced Small Cap ETF by 18.1% during the 4th quarter. Harbor Asset Planning Inc. now owns 1,954 shares of the company’s stock valued at $74,000 after purchasing an additional 299 shares during the period. Cornerstone Planning Group LLC raised its stake in Fidelity Enhanced Small Cap ETF by 69.7% during the 3rd quarter. Cornerstone Planning Group LLC now owns 750 shares of the company’s stock valued at $28,000 after purchasing an additional 308 shares during the period. KWB Wealth raised its stake in Fidelity Enhanced Small Cap ETF by 3.9% during the 4th quarter. KWB Wealth now owns 9,984 shares of the company’s stock valued at $377,000 after purchasing an additional 371 shares during the period. Valmark Advisers Inc. raised its stake in Fidelity Enhanced Small Cap ETF by 1.6% during the 4th quarter. Valmark Advisers Inc. now owns 29,792 shares of the company’s stock valued at $1,126,000 after purchasing an additional 476 shares during the period. Finally, Balance Wealth LLC raised its stake in Fidelity Enhanced Small Cap ETF by 1.8% during the 4th quarter. Balance Wealth LLC now owns 27,965 shares of the company’s stock valued at $1,057,000 after purchasing an additional 498 shares during the period.

Fidelity Enhanced Small Cap ETF Stock Performance

Shares of NYSEARCA FESM traded down $0.26 during trading on Friday, hitting $45.56. The company had a trading volume of 435,064 shares, compared to its average volume of 678,913. The stock has a 50 day simple moving average of $41.80 and a 200 day simple moving average of $39.86. Fidelity Enhanced Small Cap ETF has a 12 month low of $29.95 and a 12 month high of $45.94. The firm has a market capitalization of $5.13 billion, a P/E ratio of 16.78 and a beta of 1.37.

Fidelity Enhanced Small Cap ETF Company Profile

The Fidelity Enhanced Small Cap ETF (FESM) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is an actively managed fund that invests in US, small-cap companies. Stock selection is based on computer-aided analysis, which chooses stocks belonging to the Russel 2000 Index. FESM was launched on Dec 20, 2007 and is issued by Fidelity.