Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) Short Interest Down 67.6% in May

Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) was the recipient of a significant decline in short interest in May. As of May 29th, there was short interest totaling 19,239 shares, a decline of 67.6% from the May 14th total of 59,308 shares. Based on an average daily trading volume, of 99,909 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Western Wealth Management LLC bought a new position in shares of Fidelity Small-Mid Multifactor ETF during the first quarter valued at $27,000. Toth Financial Advisory Corp bought a new position in shares of Fidelity Small-Mid Multifactor ETF during the fourth quarter valued at $28,000. EverSource Wealth Advisors LLC bought a new position in shares of Fidelity Small-Mid Multifactor ETF during the second quarter valued at $33,000. Global Assets Advisory LLC bought a new position in shares of Fidelity Small-Mid Multifactor ETF during the first quarter valued at $35,000. Finally, Creative Financial Designs Inc. ADV lifted its holdings in shares of Fidelity Small-Mid Multifactor ETF by 283.9% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 975 shares of the company’s stock valued at $43,000 after acquiring an additional 721 shares during the period.

Fidelity Small-Mid Multifactor ETF Stock Up 1.0%

FSMD traded up $0.51 during trading on Friday, reaching $51.69. 99,643 shares of the company’s stock were exchanged, compared to its average volume of 143,942. Fidelity Small-Mid Multifactor ETF has a fifty-two week low of $40.18 and a fifty-two week high of $51.90. The business has a 50 day moving average price of $48.93 and a 200 day moving average price of $46.67. The company has a market capitalization of $2.50 billion, a P/E ratio of 16.74 and a beta of 0.94.

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.