Short Interest in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) Rises By 185.0%

Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totaling 712,772 shares, an increase of 185.0% from the April 30th total of 250,058 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average trading volume of 575,572 shares, the short-interest ratio is presently 1.2 days.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in FESM. Royal Bank of Canada raised its position in shares of Fidelity Enhanced Small Cap ETF by 4.2% in the 1st quarter. Royal Bank of Canada now owns 207,226 shares of the company’s stock worth $6,109,000 after acquiring an additional 8,269 shares in the last quarter. Raymond James Financial Inc. increased its position in Fidelity Enhanced Small Cap ETF by 146.9% during the 2nd quarter. Raymond James Financial Inc. now owns 256,131 shares of the company’s stock valued at $8,194,000 after buying an additional 152,392 shares in the last quarter. Jane Street Group LLC acquired a new position in Fidelity Enhanced Small Cap ETF during the 2nd quarter valued at about $1,873,000. CLG LLC acquired a new position in Fidelity Enhanced Small Cap ETF during the 2nd quarter valued at about $681,000. Finally, Bank of America Corp DE increased its position in Fidelity Enhanced Small Cap ETF by 897.4% during the 2nd quarter. Bank of America Corp DE now owns 6,184 shares of the company’s stock valued at $198,000 after buying an additional 5,564 shares in the last quarter.

Fidelity Enhanced Small Cap ETF Trading Down 0.6%

Shares of FESM traded down $0.26 during trading hours on Friday, hitting $45.56. The company had a trading volume of 435,064 shares, compared to its average volume of 678,913. The company has a market capitalization of $5.13 billion, a PE ratio of 16.78 and a beta of 1.37. Fidelity Enhanced Small Cap ETF has a one year low of $29.95 and a one year high of $45.94. The company’s fifty day moving average price is $41.80 and its two-hundred day moving average price is $39.86.

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.