Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) Short Interest Up 185.0% in May

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

Fidelity Enhanced Small Cap ETF Stock Performance

Shares of Fidelity Enhanced Small Cap ETF stock opened at $45.56 on Monday. The company has a 50-day simple moving average of $41.80 and a two-hundred day simple moving average of $39.88. The stock has a market capitalization of $5.13 billion, a PE ratio of 16.78 and a beta of 1.37. Fidelity Enhanced Small Cap ETF has a 52-week low of $29.95 and a 52-week high of $45.94.

Hedge Funds Weigh In On Fidelity Enhanced Small Cap ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its stake in Fidelity Enhanced Small Cap ETF by 4.2% during the 1st quarter. Royal Bank of Canada now owns 207,226 shares of the company’s stock valued at $6,109,000 after purchasing an additional 8,269 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in shares of Fidelity Enhanced Small Cap ETF by 146.9% during the second quarter. Raymond James Financial Inc. now owns 256,131 shares of the company’s stock valued at $8,194,000 after purchasing an additional 152,392 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Fidelity Enhanced Small Cap ETF during the second quarter valued at $1,873,000. CLG LLC bought a new stake in Fidelity Enhanced Small Cap ETF in the 2nd quarter worth about $681,000. Finally, Bank of America Corp DE increased its holdings in Fidelity Enhanced Small Cap ETF by 897.4% in the 2nd quarter. Bank of America Corp DE now owns 6,184 shares of the company’s stock worth $198,000 after buying an additional 5,564 shares in 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.