Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) Short Interest Update

Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) was the target of a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 231,009 shares, a decline of 18.9% from the February 26th total of 284,912 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 1,846,549 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FMDE. Clearwave Capital LLC purchased a new position in shares of Fidelity Enhanced Mid Cap ETF during the 4th quarter worth $1,867,000. Anchor Investment Management LLC purchased a new stake in shares of Fidelity Enhanced Mid Cap ETF in the 4th quarter worth $30,000. Sunbelt Securities Inc. raised its holdings in Fidelity Enhanced Mid Cap ETF by 5.2% in the 4th quarter. Sunbelt Securities Inc. now owns 23,003 shares of the company’s stock worth $837,000 after purchasing an additional 1,136 shares during the period. EP Wealth Advisors LLC bought a new position in Fidelity Enhanced Mid Cap ETF in the 4th quarter worth $255,000. Finally, NewEdge Advisors LLC lifted its position in Fidelity Enhanced Mid Cap ETF by 44.3% during the fourth quarter. NewEdge Advisors LLC now owns 63,959 shares of the company’s stock valued at $2,327,000 after purchasing an additional 19,648 shares in the last quarter.

Fidelity Enhanced Mid Cap ETF Stock Up 2.8%

NYSEARCA FMDE opened at $35.96 on Wednesday. The company has a 50-day moving average price of $36.95 and a 200-day moving average price of $36.48. Fidelity Enhanced Mid Cap ETF has a 52 week low of $26.93 and a 52 week high of $38.26. The firm has a market capitalization of $4.93 billion, a P/E ratio of 20.20 and a beta of 1.13.

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.