Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) Short Interest Update

Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) saw a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 319,276 shares, a drop of 45.9% from the July 30th total of 590,575 shares. Based on an average daily volume of 923,906 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the shares of the company are short sold.

Fidelity Enhanced Small Cap ETF Trading Down 1.1%

Shares of FESM traded down $0.53 during mid-day trading on Tuesday, hitting $46.60. 527,488 shares of the company’s stock were exchanged, compared to its average volume of 745,481. Fidelity Enhanced Small Cap ETF has a fifty-two week low of $34.83 and a fifty-two week high of $48.93. The business’s 50 day moving average is $47.62 and its two-hundred day moving average is $43.86. The firm has a market capitalization of $6.01 billion, a P/E ratio of 16.78 and a beta of 1.30.

Institutional Trading of Fidelity Enhanced Small Cap ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada lifted its holdings in Fidelity Enhanced Small Cap ETF by 4.2% in the first quarter. Royal Bank of Canada now owns 207,226 shares of the company’s stock valued at $6,109,000 after acquiring an additional 8,269 shares during the period. Raymond James Financial Inc. increased its holdings in shares of Fidelity Enhanced Small Cap ETF by 146.9% in the 2nd 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 acquired a new stake in shares of Fidelity Enhanced Small Cap ETF in the second quarter valued at about $1,873,000. CLG LLC purchased a new stake in Fidelity Enhanced Small Cap ETF during the second quarter worth about $681,000. Finally, Bank of America Corp DE boosted its holdings in Fidelity Enhanced Small Cap ETF by 897.4% during the second 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.