Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) Sees Large Growth in Short Interest

Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totaling 902,900 shares, an increase of 258.9% from the September 30th total of 251,600 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 603,000 shares, the short-interest ratio is currently 1.5 days. Based on an average daily trading volume, of 603,000 shares, the short-interest ratio is currently 1.5 days. Currently, 0.8% of the shares of the stock are sold short.

Fidelity Enhanced Mid Cap ETF Trading Down 1.0%

NYSEARCA:FMDE opened at $36.02 on Wednesday. The company’s 50-day moving average price is $35.94 and its 200-day moving average price is $34.31. The company has a market cap of $3.99 billion, a P/E ratio of 20.20 and a beta of 1.13. Fidelity Enhanced Mid Cap ETF has a twelve month low of $26.93 and a twelve month high of $36.60.

Hedge Funds Weigh In On Fidelity Enhanced Mid Cap ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Goldman Sachs Group Inc. raised its stake in Fidelity Enhanced Mid Cap ETF by 12,968.9% during the first quarter. Goldman Sachs Group Inc. now owns 2,544,393 shares of the company’s stock worth $79,741,000 after purchasing an additional 2,524,924 shares during the period. Capital Analysts LLC raised its stake in Fidelity Enhanced Mid Cap ETF by 225,034.8% during the first quarter. Capital Analysts LLC now owns 1,886,630 shares of the company’s stock worth $59,127,000 after purchasing an additional 1,885,792 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in Fidelity Enhanced Mid Cap ETF by 107.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,312,210 shares of the company’s stock worth $79,574,000 after purchasing an additional 1,196,174 shares during the period. Kestra Advisory Services LLC raised its stake in Fidelity Enhanced Mid Cap ETF by 1,785.0% during the first quarter. Kestra Advisory Services LLC now owns 991,930 shares of the company’s stock worth $31,087,000 after purchasing an additional 939,308 shares during the period. Finally, LPL Financial LLC raised its stake in Fidelity Enhanced Mid Cap ETF by 148.2% during the first quarter. LPL Financial LLC now owns 1,082,328 shares of the company’s stock worth $33,920,000 after purchasing an additional 646,332 shares during the period.

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.