Short Interest in Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) Decreases By 37.0%

Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDEGet Free Report) was the target of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 172,149 shares, a decline of 37.0% from the May 14th total of 273,127 shares. Based on an average daily volume of 709,835 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Trading of Fidelity Enhanced Mid Cap ETF

A number of large investors have recently bought and sold shares of the company. NewEdge Advisors LLC raised its stake in shares of Fidelity Enhanced Mid Cap ETF by 33.2% in the first quarter. NewEdge Advisors LLC now owns 85,205 shares of the company’s stock valued at $3,064,000 after buying an additional 21,246 shares during the period. Serenity Investment Advisors bought a new position in shares of Fidelity Enhanced Mid Cap ETF during the 1st quarter worth $11,211,000. Summit Financial Wealth Advisors LLC increased its holdings in Fidelity Enhanced Mid Cap ETF by 2.3% in the 1st quarter. Summit Financial Wealth Advisors LLC now owns 551,758 shares of the company’s stock worth $19,841,000 after acquiring an additional 12,261 shares during the last quarter. Cornerstone Wealth LLC TN purchased a new stake in Fidelity Enhanced Mid Cap ETF in the 1st quarter worth about $2,890,000. Finally, Bank of America Corp DE raised its stake in Fidelity Enhanced Mid Cap ETF by 28.9% in the 1st quarter. Bank of America Corp DE now owns 631,531 shares of the company’s stock valued at $22,710,000 after acquiring an additional 141,475 shares during the period.

Fidelity Enhanced Mid Cap ETF Price Performance

NYSEARCA FMDE opened at $40.14 on Monday. The business’s fifty day moving average is $38.58 and its 200-day moving average is $37.47. The stock has a market capitalization of $6.77 billion, a price-to-earnings ratio of 20.20 and a beta of 0.94. Fidelity Enhanced Mid Cap ETF has a one year low of $33.12 and a one year high of $40.24.

Fidelity Enhanced Mid Cap ETF Company Profile

(Get Free Report)

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

Further Reading

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