Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) Sees Significant Drop in Short Interest

Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) was the recipient of a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 24,340 shares, a decrease of 79.4% from the February 26th total of 118,318 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 145,508 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 145,508 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

Fidelity Small-Mid Multifactor ETF Stock Performance

Shares of FSMD stock traded up $0.24 on Wednesday, reaching $45.11. The stock had a trading volume of 78,307 shares, compared to its average volume of 158,532. Fidelity Small-Mid Multifactor ETF has a 1 year low of $33.95 and a 1 year high of $47.79. The stock has a market cap of $2.00 billion, a P/E ratio of 16.74 and a beta of 0.98. The company has a 50 day simple moving average of $46.11 and a 200 day simple moving average of $44.76.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Equitable Holdings Inc. lifted its position in shares of Fidelity Small-Mid Multifactor ETF by 0.6% during the 4th quarter. Equitable Holdings Inc. now owns 37,490 shares of the company’s stock valued at $1,654,000 after buying an additional 228 shares in the last quarter. Principal Securities Inc. increased its holdings in Fidelity Small-Mid Multifactor ETF by 4.0% in the 4th quarter. Principal Securities Inc. now owns 6,924 shares of the company’s stock worth $306,000 after acquiring an additional 268 shares in the last quarter. CLG LLC increased its holdings in Fidelity Small-Mid Multifactor ETF by 4.3% in the 2nd quarter. CLG LLC now owns 7,204 shares of the company’s stock worth $299,000 after acquiring an additional 298 shares in the last quarter. Allworth Financial LP raised its stake in Fidelity Small-Mid Multifactor ETF by 80.7% during the 2nd quarter. Allworth Financial LP now owns 683 shares of the company’s stock worth $28,000 after acquiring an additional 305 shares during the period. Finally, Spire Wealth Management raised its stake in Fidelity Small-Mid Multifactor ETF by 1.6% during the 4th quarter. Spire Wealth Management now owns 22,299 shares of the company’s stock worth $984,000 after acquiring an additional 352 shares during the period.

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.