Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) Sees Large Increase in Short Interest

Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 24,395 shares, an increase of 25.5% from the December 31st total of 19,440 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 160,035 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 160,035 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Trading of Fidelity Small-Mid Multifactor ETF

Institutional investors have recently bought and sold shares of the stock. Root Financial Partners LLC bought a new stake in Fidelity Small-Mid Multifactor ETF in the third quarter valued at $27,000. Allworth Financial LP boosted its stake in shares of Fidelity Small-Mid Multifactor ETF by 80.7% in the 2nd quarter. Allworth Financial LP now owns 683 shares of the company’s stock valued at $28,000 after purchasing an additional 305 shares in the last quarter. Toth Financial Advisory Corp bought a new stake in shares of Fidelity Small-Mid Multifactor ETF in the 4th quarter worth about $28,000. EverSource Wealth Advisors LLC acquired a new stake in shares of Fidelity Small-Mid Multifactor ETF during the 2nd quarter worth about $33,000. Finally, IFP Advisors Inc increased its position in shares of Fidelity Small-Mid Multifactor ETF by 116.7% during the 2nd quarter. IFP Advisors Inc now owns 1,144 shares of the company’s stock worth $47,000 after purchasing an additional 616 shares in the last quarter.

Fidelity Small-Mid Multifactor ETF Trading Down 0.2%

NYSEARCA:FSMD traded down $0.07 during mid-day trading on Tuesday, hitting $46.05. The company’s stock had a trading volume of 105,075 shares, compared to its average volume of 146,753. The company has a market capitalization of $2.04 billion, a price-to-earnings ratio of 16.74 and a beta of 0.98. Fidelity Small-Mid Multifactor ETF has a fifty-two week low of $33.95 and a fifty-two week high of $46.92. The stock has a fifty day moving average of $45.13 and a 200-day moving average of $43.92.

Fidelity Small-Mid Multifactor ETF Company Profile

The Fidelity Small-Mid Factor ETF (FSMD) is an exchange-traded fund that is based on the Fidelity Small-Mid Multifactor index. The fund tracks a multi-factored index of US companies. FSMD was launched on Feb 26, 2019 and is managed by Fidelity.