Short Interest in Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) Rises By 158.7%

Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) saw a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 500,897 shares, an increase of 158.7% from the November 30th total of 193,625 shares. Based on an average trading volume of 581,775 shares, the short-interest ratio is currently 0.9 days. Currently, 0.4% of the shares of the stock are sold short. Currently, 0.4% of the shares of the stock are sold short. Based on an average trading volume of 581,775 shares, the short-interest ratio is currently 0.9 days.

Fidelity Enhanced Mid Cap ETF Price Performance

FMDE stock traded up $0.01 during mid-day trading on Friday, reaching $36.90. The company had a trading volume of 332,272 shares, compared to its average volume of 521,622. The stock has a 50 day simple moving average of $36.03 and a two-hundred day simple moving average of $35.48. The company has a market capitalization of $4.19 billion, a price-to-earnings ratio of 20.20 and a beta of 1.13. Fidelity Enhanced Mid Cap ETF has a 52 week low of $26.93 and a 52 week high of $37.20.

Institutional Trading of Fidelity Enhanced Mid Cap ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of FMDE. TrueWealth Advisors LLC bought a new stake in Fidelity Enhanced Mid Cap ETF during the 3rd quarter worth approximately $3,843,000. Smithfield Trust Co boosted its stake in Fidelity Enhanced Mid Cap ETF by 48.5% during the second quarter. Smithfield Trust Co now owns 10,715 shares of the company’s stock valued at $368,000 after buying an additional 3,500 shares during the period. Williams & Novak LLC purchased a new position in Fidelity Enhanced Mid Cap ETF during the second quarter worth about $223,000. Mcrae Capital Management Inc. purchased a new stake in shares of Fidelity Enhanced Mid Cap ETF in the 2nd quarter valued at about $1,092,000. Finally, Elevation Point Wealth Partners LLC bought a new stake in shares of Fidelity Enhanced Mid Cap ETF during the 2nd quarter valued at about $548,000.

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.