Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) Short Interest Update

Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) saw a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 22,720 shares, a decline of 49.2% from the November 30th total of 44,729 shares. Based on an average daily volume of 128,076 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 128,076 shares, the short-interest ratio is presently 0.2 days.

Fidelity Small-Mid Multifactor ETF Price Performance

Shares of FSMD stock traded down $0.24 during mid-day trading on Monday, hitting $44.83. 88,467 shares of the stock traded hands, compared to its average volume of 291,986. Fidelity Small-Mid Multifactor ETF has a 52-week low of $33.95 and a 52-week high of $45.55. The stock has a market cap of $1.85 billion, a P/E ratio of 16.74 and a beta of 0.98. The stock’s fifty day moving average is $43.90 and its two-hundred day moving average is $43.16.

Institutional Investors Weigh In On Fidelity Small-Mid Multifactor ETF

Institutional investors have recently bought and sold shares of the company. Retirement Planning Group LLC increased its position in shares of Fidelity Small-Mid Multifactor ETF by 7.1% during the third quarter. Retirement Planning Group LLC now owns 3,803,734 shares of the company’s stock worth $167,402,000 after purchasing an additional 252,240 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of Fidelity Small-Mid Multifactor ETF by 16.4% in the 3rd quarter. Commonwealth Equity Services LLC now owns 2,571,529 shares of the company’s stock valued at $113,173,000 after purchasing an additional 363,253 shares during the last quarter. Bank of America Corp DE boosted its stake in Fidelity Small-Mid Multifactor ETF by 10.7% in the 3rd quarter. Bank of America Corp DE now owns 1,236,233 shares of the company’s stock worth $54,407,000 after purchasing an additional 119,420 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Fidelity Small-Mid Multifactor ETF by 9.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 694,527 shares of the company’s stock worth $30,566,000 after purchasing an additional 62,737 shares during the last quarter. Finally, Systelligence LLC increased its stake in Fidelity Small-Mid Multifactor ETF by 4.0% during the 2nd quarter. Systelligence LLC now owns 411,287 shares of the company’s stock valued at $17,056,000 after purchasing an additional 15,844 shares in the last quarter.

About Fidelity Small-Mid Multifactor ETF

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.