Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) Shares Shorted: Short Interest Down 82.0% in October

Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 66,721 shares, a drop of 82.0% from the September 30th total of 370,197 shares. Based on an average daily volume of 1,034,723 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Hedge Funds Weigh In On Fidelity Enhanced Mid Cap ETF

Several large investors have recently added to or reduced their stakes in the business. Cornerstone Planning Group LLC lifted its holdings in shares of Fidelity Enhanced Mid Cap ETF by 70.1% in the first quarter. Cornerstone Planning Group LLC now owns 1,102 shares of the company’s stock valued at $43,000 after purchasing an additional 454 shares in the last quarter. Pension & Wealth Management Advisors Inc. grew its holdings in Fidelity Enhanced Mid Cap ETF by 33.8% during the third quarter. Pension & Wealth Management Advisors Inc. now owns 1,101 shares of the company’s stock worth $44,000 after buying an additional 278 shares in the last quarter. Root Financial Partners LLC bought a new stake in shares of Fidelity Enhanced Mid Cap ETF in the 1st quarter worth $54,000. Latitude Advisors LLC bought a new stake in Fidelity Enhanced Mid Cap ETF in the 3rd quarter worth about $171,000. Finally, Processus Wealth & Capital Management LLC purchased a new stake in shares of Fidelity Enhanced Mid Cap ETF during the third quarter valued at approximately $204,000.

Fidelity Enhanced Mid Cap ETF Price Performance

Shares of Fidelity Enhanced Mid Cap ETF stock traded down $0.02 during trading on Wednesday, reaching $41.76. 1,141,601 shares of the company traded hands, compared to its average volume of 938,308. The firm has a market capitalization of $8.58 billion, a PE ratio of 20.20 and a beta of 0.93. The company has a 50 day moving average price of $41.43 and a 200-day moving average price of $39.39. Fidelity Enhanced Mid Cap ETF has a 1-year low of $34.33 and a 1-year high of $42.97.

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.