Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) Short Interest Update

Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) was the recipient of a large decrease in short interest in May. As of May 29th, there was short interest totaling 134,525 shares, a decrease of 81.1% from the May 14th total of 712,772 shares. Based on an average daily volume of 624,409 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

Fidelity Enhanced Small Cap ETF Trading Down 0.9%

Shares of FESM traded down $0.40 during midday trading on Wednesday, reaching $44.54. The stock had a trading volume of 652,489 shares, compared to its average volume of 675,787. The company’s 50-day moving average is $42.82 and its 200 day moving average is $40.31. Fidelity Enhanced Small Cap ETF has a 12-month low of $30.37 and a 12-month high of $45.94. The company has a market capitalization of $5.01 billion, a price-to-earnings ratio of 16.78 and a beta of 1.35.

Hedge Funds Weigh In On Fidelity Enhanced Small Cap ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. LPL Financial LLC boosted its holdings in shares of Fidelity Enhanced Small Cap ETF by 66.6% in the 4th quarter. LPL Financial LLC now owns 4,286,386 shares of the company’s stock worth $161,940,000 after purchasing an additional 1,713,064 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Fidelity Enhanced Small Cap ETF by 30.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,230,962 shares of the company’s stock valued at $122,066,000 after acquiring an additional 749,061 shares during the last quarter. Fifth Third Bancorp bought a new stake in shares of Fidelity Enhanced Small Cap ETF in the 1st quarter valued at about $105,807,000. Commonwealth Equity Services LLC lifted its stake in shares of Fidelity Enhanced Small Cap ETF by 39.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 2,225,336 shares of the company’s stock valued at $84,073,000 after acquiring an additional 624,608 shares during the last quarter. Finally, Cetera Investment Advisers lifted its stake in shares of Fidelity Enhanced Small Cap ETF by 46.8% in the 1st quarter. Cetera Investment Advisers now owns 1,962,108 shares of the company’s stock valued at $74,560,000 after acquiring an additional 625,917 shares during the last quarter.

About Fidelity Enhanced Small Cap ETF

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.