Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) Sees Large Increase in Short Interest

Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 59,308 shares, an increase of 81.6% from the April 30th total of 32,654 shares. Based on an average daily trading volume, of 136,973 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the company’s shares are short sold.

Fidelity Small-Mid Multifactor ETF Trading Down 0.2%

Shares of Fidelity Small-Mid Multifactor ETF stock opened at $50.08 on Tuesday. The company has a market cap of $2.42 billion, a P/E ratio of 16.74 and a beta of 0.94. The business has a 50-day moving average price of $47.84 and a two-hundred day moving average price of $46.21. Fidelity Small-Mid Multifactor ETF has a 1-year low of $39.79 and a 1-year high of $50.66.

Institutional Trading of Fidelity Small-Mid Multifactor ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Equitable Holdings Inc. boosted its position in shares of Fidelity Small-Mid Multifactor ETF by 0.6% during the fourth quarter. Equitable Holdings Inc. now owns 37,490 shares of the company’s stock valued at $1,654,000 after buying an additional 228 shares during the last quarter. Principal Securities Inc. lifted its stake in Fidelity Small-Mid Multifactor ETF by 4.0% during the 4th quarter. Principal Securities Inc. now owns 6,924 shares of the company’s stock valued at $306,000 after acquiring an additional 268 shares in the last quarter. CLG LLC lifted its stake in Fidelity Small-Mid Multifactor ETF by 4.3% during the 2nd quarter. CLG LLC now owns 7,204 shares of the company’s stock valued at $299,000 after acquiring an additional 298 shares in the last quarter. Spire Wealth Management boosted its holdings in Fidelity Small-Mid Multifactor ETF by 1.6% during the 4th quarter. Spire Wealth Management now owns 22,299 shares of the company’s stock worth $984,000 after acquiring an additional 352 shares during the last quarter. Finally, Merit Financial Group LLC boosted its holdings in Fidelity Small-Mid Multifactor ETF by 3.4% during the 3rd quarter. Merit Financial Group LLC now owns 12,308 shares of the company’s stock worth $542,000 after acquiring an additional 410 shares during the last quarter.

About Fidelity Small-Mid Multifactor ETF

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.