Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) Short Interest Update

Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) saw a significant drop in short interest in May. As of May 29th, there was short interest totaling 134,525 shares, a drop of 81.1% from the May 14th total of 712,772 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 624,409 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On Fidelity Enhanced Small Cap ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Harbor Asset Planning Inc. increased its position in shares of 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 valued at $74,000 after acquiring an additional 299 shares in the last quarter. KWB Wealth increased its position in shares of Fidelity Enhanced Small Cap ETF by 3.9% during the fourth quarter. KWB Wealth now owns 9,984 shares of the company’s stock valued at $377,000 after acquiring an additional 371 shares in the last quarter. Valmark Advisers Inc. increased its position in shares of Fidelity Enhanced Small Cap ETF by 1.6% during the fourth quarter. Valmark Advisers Inc. now owns 29,792 shares of the company’s stock valued at $1,126,000 after acquiring an additional 476 shares in the last quarter. Balance Wealth LLC increased its position in shares of Fidelity Enhanced Small Cap ETF by 1.8% during the fourth quarter. Balance Wealth LLC now owns 27,965 shares of the company’s stock valued at $1,057,000 after acquiring an additional 498 shares in the last quarter. Finally, Madison Wealth Partners Inc increased its position in shares of Fidelity Enhanced Small Cap ETF by 3.8% during the fourth 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 in the last quarter.

Fidelity Enhanced Small Cap ETF Stock Performance

Shares of FESM traded down $0.40 on Wednesday, hitting $44.54. 652,489 shares of the stock traded hands, compared to its average volume of 675,787. The company has a market capitalization of $5.01 billion, a PE ratio of 16.78 and a beta of 1.35. The business has a 50 day simple moving average of $42.82 and a 200 day simple moving average of $40.31. Fidelity Enhanced Small Cap ETF has a one year low of $30.37 and a one year high of $45.94.

Fidelity Enhanced Small Cap ETF Company Profile

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.