Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) Stock Short Interest Report for October

Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) was the target of a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 206,036 shares, an increase of 208.8% from the October 15th total of 66,721 shares. Based on an average daily volume of 950,781 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On Fidelity Enhanced Mid Cap ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC acquired a new position in shares of Fidelity Enhanced Mid Cap ETF in the third quarter worth $197,339,000. Citadel Advisors LLC purchased a new stake in shares of Fidelity Enhanced Mid Cap ETF during the second quarter worth $118,748,000. HighTower Advisors LLC acquired a new stake in shares of Fidelity Enhanced Mid Cap ETF in the third quarter valued at $22,509,000. Royal Bank of Canada raised its stake in shares of Fidelity Enhanced Mid Cap ETF by 98.6% in the first quarter. Royal Bank of Canada now owns 1,064,458 shares of the company’s stock valued at $38,279,000 after acquiring an additional 528,497 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of Fidelity Enhanced Mid Cap ETF by 24.3% in the first quarter. Cetera Investment Advisers now owns 2,043,214 shares of the company’s stock valued at $73,474,000 after acquiring an additional 398,833 shares in the last quarter.

Fidelity Enhanced Mid Cap ETF Price Performance

Shares of FMDE stock traded down $0.34 during trading on Thursday, reaching $41.90. The company’s stock had a trading volume of 884,722 shares, compared to its average volume of 951,243. Fidelity Enhanced Mid Cap ETF has a 1-year low of $34.33 and a 1-year high of $42.97. The stock’s 50-day moving average price is $41.32 and its 200 day moving average price is $39.62. The company has a market capitalization of $8.85 billion, a price-to-earnings ratio of 18.66 and a beta of 0.90.

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.