Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) Short Interest Up 248.6% in July

Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) was the target of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 590,575 shares, a growth of 248.6% from the July 15th total of 169,418 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 831,602 shares, the short-interest ratio is presently 0.7 days.

Fidelity Enhanced Small Cap ETF Trading Up 0.8%

Shares of FESM stock traded up $0.37 during trading hours on Thursday, reaching $48.78. The company’s stock had a trading volume of 96,217 shares, compared to its average volume of 732,670. Fidelity Enhanced Small Cap ETF has a one year low of $33.67 and a one year high of $48.83. The stock has a market capitalization of $6.29 billion, a P/E ratio of 16.78 and a beta of 1.31. The firm’s fifty day simple moving average is $47.06 and its 200 day simple moving average is $43.13.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of FESM. Johnson Financial Group Inc. bought a new stake in Fidelity Enhanced Small Cap ETF in the fourth quarter worth $66,000. Harbor Asset Planning Inc. lifted its holdings in shares of 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 buying an additional 299 shares during the period. PNC Financial Services Group Inc. purchased a new position in Fidelity Enhanced Small Cap ETF in the fourth quarter worth about $83,000. IFP Advisors Inc purchased a new position in shares of Fidelity Enhanced Small Cap ETF in the fourth quarter worth approximately $85,000. Finally, Advisory Services Network LLC bought a new stake in shares of Fidelity Enhanced Small Cap ETF during the 3rd quarter valued at $155,000.

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.