Short Interest in Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) Expands By 87.8%

Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totaling 250,991 shares, an increase of 87.8% from the July 15th total of 133,667 shares. Based on an average daily trading volume, of 906,996 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are short sold.

Fidelity Enhanced Mid Cap ETF Stock Performance

Shares of NYSEARCA:FMDE opened at $42.72 on Tuesday. The business’s fifty day moving average price is $40.81 and its two-hundred day moving average price is $38.78. The stock has a market cap of $8.08 billion, a PE ratio of 20.20 and a beta of 0.91. Fidelity Enhanced Mid Cap ETF has a one year low of $34.33 and a one year high of $42.97.

Institutional Trading of Fidelity Enhanced Mid Cap ETF

A number of large investors have recently made changes to their positions in the stock. Anchor Investment Management LLC acquired a new position in Fidelity Enhanced Mid Cap ETF in the 4th quarter valued at about $30,000. Cornerstone Planning Group LLC boosted its stake in shares of Fidelity Enhanced Mid Cap ETF by 70.1% during 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 last quarter. Quattro Advisors LLC acquired a new stake in shares of Fidelity Enhanced Mid Cap ETF during the 4th quarter worth about $43,000. Root Financial Partners LLC purchased a new stake in shares of Fidelity Enhanced Mid Cap ETF during the first quarter worth about $54,000. Finally, Advisory Services Network LLC purchased a new stake in shares of Fidelity Enhanced Mid Cap ETF during the third quarter worth about $75,000.

Fidelity Enhanced Mid Cap ETF Company Profile

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.