Short Interest in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) Decreases By 47.6%

Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 36,518 shares, a drop of 47.6% from the August 15th total of 69,743 shares. Based on an average trading volume of 99,449 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the company’s shares are sold short.

Fidelity Small-Mid Multifactor ETF Trading Down 0.6%

FSMD stock traded down $0.29 during mid-day trading on Tuesday, reaching $50.20. The company’s stock had a trading volume of 194,266 shares, compared to its average volume of 131,449. Fidelity Small-Mid Multifactor ETF has a 12 month low of $41.86 and a 12 month high of $53.48. The business’s 50 day moving average price is $51.45 and its 200 day moving average price is $49.47. The company has a market cap of $2.48 billion, a price-to-earnings ratio of 16.74 and a beta of 0.93.

Institutional Investors Weigh In On Fidelity Small-Mid Multifactor ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Capital Analysts LLC lifted its position in shares of Fidelity Small-Mid Multifactor ETF by 50.4% during the second quarter. Capital Analysts LLC now owns 18,555 shares of the company’s stock valued at $980,000 after purchasing an additional 6,220 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of Fidelity Small-Mid Multifactor ETF by 14,095.7% during the 2nd quarter. NewEdge Advisors LLC now owns 6,530 shares of the company’s stock valued at $345,000 after buying an additional 6,484 shares during the last quarter. IFP Advisors Inc increased its holdings in Fidelity Small-Mid Multifactor ETF by 3.4% in the 2nd quarter. IFP Advisors Inc now owns 34,667 shares of the company’s stock worth $1,832,000 after acquiring an additional 1,147 shares during the last quarter. Allworth Financial LP lifted its holdings in Fidelity Small-Mid Multifactor ETF by 28.0% during the second quarter. Allworth Financial LP now owns 1,986 shares of the company’s stock valued at $105,000 after purchasing an additional 435 shares during the last quarter. Finally, Schuylkill Financial LLC purchased a new position in shares of Fidelity Small-Mid Multifactor ETF in the second quarter worth about $2,343,000.

About Fidelity Small-Mid Multifactor ETF

The Fidelity Small-Mid Factor ETF (FSMD) is an exchange-traded fund that is based on the Fidelity Small-Mid Multifactor index. The fund tracks a multi-factored index of US companies. FSMD was launched on Feb 26, 2019 and is managed by Fidelity.