Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) Short Interest Update

Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) was the recipient of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 172,149 shares, a decline of 37.0% from the May 14th total of 273,127 shares. Based on an average daily trading volume, of 709,835 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Fidelity Enhanced Mid Cap ETF by 170.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 18,829,902 shares of the company’s stock valued at $685,032,000 after purchasing an additional 11,869,760 shares during the period. LPL Financial LLC lifted its stake in shares of Fidelity Enhanced Mid Cap ETF by 28.3% in the 4th quarter. LPL Financial LLC now owns 4,947,566 shares of the company’s stock valued at $179,992,000 after purchasing an additional 1,090,826 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Fidelity Enhanced Mid Cap ETF by 90.2% in the 4th quarter. Wells Fargo & Company MN now owns 3,432,732 shares of the company’s stock valued at $124,883,000 after purchasing an additional 1,627,937 shares during the period. Huntington National Bank lifted its stake in shares of Fidelity Enhanced Mid Cap ETF by 6.4% in the 4th quarter. Huntington National Bank now owns 2,878,740 shares of the company’s stock valued at $104,729,000 after purchasing an additional 173,185 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Fidelity Enhanced Mid Cap ETF by 12,968.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,544,393 shares of the company’s stock valued at $79,741,000 after purchasing an additional 2,524,924 shares during the period.

Fidelity Enhanced Mid Cap ETF Stock Performance

Shares of NYSEARCA:FMDE traded down $0.20 during midday trading on Tuesday, reaching $40.37. The company’s stock had a trading volume of 862,073 shares, compared to its average volume of 961,261. The firm has a market capitalization of $6.81 billion, a price-to-earnings ratio of 20.20 and a beta of 0.94. The firm has a 50 day moving average price of $38.66 and a two-hundred day moving average price of $37.50. Fidelity Enhanced Mid Cap ETF has a fifty-two week low of $33.12 and a fifty-two week high of $40.84.

Fidelity Enhanced Mid Cap ETF Company Profile

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.