Short Interest in Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) Rises By 81.7%

Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totaling 312,791 shares, an increase of 81.7% from the May 31st total of 172,149 shares. Based on an average daily trading volume, of 757,143 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the shares of the company are short sold.

Fidelity Enhanced Mid Cap ETF Stock Down 0.3%

Shares of NYSEARCA FMDE opened at $40.44 on Thursday. The company has a market capitalization of $6.82 billion, a PE ratio of 20.20 and a beta of 0.94. The stock’s 50 day moving average price is $39.33 and its 200-day moving average price is $37.83. Fidelity Enhanced Mid Cap ETF has a twelve month low of $33.92 and a twelve month high of $40.86.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FMDE. Geneos Wealth Management Inc. boosted its stake in Fidelity Enhanced Mid Cap ETF by 15.6% in the second quarter. Geneos Wealth Management Inc. now owns 2,450 shares of the company’s stock valued at $84,000 after acquiring an additional 331 shares during the last quarter. Certified Advisory Corp increased its stake in shares of Fidelity Enhanced Mid Cap ETF by 1.0% during the 3rd quarter. Certified Advisory Corp now owns 38,431 shares of the company’s stock worth $1,389,000 after purchasing an additional 390 shares during the last quarter. Cornerstone Planning Group LLC raised its holdings in shares of Fidelity Enhanced Mid Cap ETF by 70.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 1,102 shares of the company’s stock worth $43,000 after purchasing an additional 454 shares during the period. Evergreen Private Wealth LLC raised its holdings in shares of Fidelity Enhanced Mid Cap ETF by 1.9% in the 4th quarter. Evergreen Private Wealth LLC now owns 28,986 shares of the company’s stock worth $1,055,000 after purchasing an additional 544 shares during the period. Finally, CreativeOne Wealth LLC lifted its stake in Fidelity Enhanced Mid Cap ETF by 6.0% in the fourth quarter. CreativeOne Wealth LLC now owns 11,446 shares of the company’s stock valued at $416,000 after purchasing an additional 651 shares during the last quarter.

About Fidelity Enhanced Mid Cap ETF

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.