Short Interest in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) Grows By 371.9%

Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) saw a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 118,318 shares, an increase of 371.9% from the February 12th total of 25,075 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average trading volume of 172,473 shares, the short-interest ratio is presently 0.7 days. Based on an average trading volume of 172,473 shares, the short-interest ratio is presently 0.7 days. Approximately 0.3% of the shares of the stock are sold short.

Fidelity Small-Mid Multifactor ETF Stock Down 0.2%

FSMD stock traded down $0.09 during mid-day trading on Tuesday, hitting $45.15. The company had a trading volume of 339,633 shares, compared to its average volume of 166,051. The company has a 50-day moving average price of $46.24 and a 200 day moving average price of $44.72. Fidelity Small-Mid Multifactor ETF has a 12-month low of $33.95 and a 12-month high of $47.79. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of 16.74 and a beta of 0.98.

Institutional Investors Weigh In On Fidelity Small-Mid Multifactor ETF

Hedge funds have recently made changes to their positions in the company. SHP Wealth Management bought a new position in Fidelity Small-Mid Multifactor ETF during the fourth quarter valued at approximately $933,000. Cetera Investment Advisers increased its stake in Fidelity Small-Mid Multifactor ETF by 5.9% in the 4th quarter. Cetera Investment Advisers now owns 604,170 shares of the company’s stock worth $26,662,000 after acquiring an additional 33,765 shares during the last quarter. Equitable Holdings Inc. raised its holdings in shares of Fidelity Small-Mid Multifactor ETF by 0.6% during the 4th quarter. Equitable Holdings Inc. now owns 37,490 shares of the company’s stock worth $1,654,000 after acquiring an additional 228 shares in the last quarter. Osaic Holdings Inc. raised its holdings in shares of Fidelity Small-Mid Multifactor ETF by 10.0% during the 4th quarter. Osaic Holdings Inc. now owns 370,228 shares of the company’s stock worth $16,343,000 after acquiring an additional 33,709 shares in the last quarter. Finally, Advisory Services Network LLC boosted its position in shares of Fidelity Small-Mid Multifactor ETF by 4.4% during the 4th quarter. Advisory Services Network LLC now owns 148,641 shares of the company’s stock valued at $6,560,000 after acquiring an additional 6,322 shares during the last quarter.

Fidelity Small-Mid Multifactor ETF Company Profile

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.