Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) Short Interest Up 248.6% in July

Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 590,575 shares, a growth of 248.6% from the July 15th total of 169,418 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 831,602 shares, the short-interest ratio is currently 0.7 days.

Institutional Investors Weigh In On Fidelity Enhanced Small Cap ETF

Large investors have recently modified their holdings of the stock. Harbor Asset Planning Inc. raised its holdings in Fidelity Enhanced Small Cap ETF by 18.1% during the fourth quarter. Harbor Asset Planning Inc. now owns 1,954 shares of the company’s stock worth $74,000 after purchasing an additional 299 shares during the last quarter. Valmark Advisers Inc. raised its position in shares of Fidelity Enhanced Small Cap ETF by 1.6% in the fourth quarter. Valmark Advisers Inc. now owns 29,792 shares of the company’s stock valued at $1,126,000 after buying an additional 476 shares during the last quarter. Madison Wealth Partners Inc raised its holdings in Fidelity Enhanced Small Cap ETF by 3.8% in the 4th quarter. Madison Wealth Partners Inc now owns 13,509 shares of the company’s stock valued at $510,000 after acquiring an additional 498 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in Fidelity Enhanced Small Cap ETF by 4.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 13,080 shares of the company’s stock worth $494,000 after buying an additional 499 shares during the period. Finally, Eaton Financial Holdings Company LLC boosted its position in shares of Fidelity Enhanced Small Cap ETF by 2.6% in the fourth quarter. Eaton Financial Holdings Company LLC now owns 21,674 shares of the company’s stock worth $819,000 after acquiring an additional 554 shares during the last quarter.

Fidelity Enhanced Small Cap ETF Price Performance

Shares of FESM traded up $0.37 during midday trading on Thursday, reaching $48.78. 96,217 shares of the stock were exchanged, compared to its average volume of 732,670. The company has a market capitalization of $6.29 billion, a price-to-earnings ratio of 16.78 and a beta of 1.31. Fidelity Enhanced Small Cap ETF has a twelve month low of $33.67 and a twelve month high of $48.83. The business’s 50-day moving average price is $47.06 and its 200 day moving average price is $43.13.

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.