Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) Short Interest Up 39.4% in March

Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) was the target of a large growth in short interest in March. As of March 31st, there was short interest totaling 33,937 shares, a growth of 39.4% from the March 15th total of 24,340 shares. Based on an average daily volume of 159,712 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Root Financial Partners LLC acquired a new stake in shares of Fidelity Small-Mid Multifactor ETF during the 3rd quarter worth approximately $27,000. Toth Financial Advisory Corp purchased a new stake in shares of Fidelity Small-Mid Multifactor ETF during the 4th quarter valued at approximately $28,000. EverSource Wealth Advisors LLC purchased a new stake in shares of Fidelity Small-Mid Multifactor ETF during the 2nd quarter valued at approximately $33,000. Creative Financial Designs Inc. ADV raised its position in shares of Fidelity Small-Mid Multifactor ETF by 283.9% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 975 shares of the company’s stock valued at $43,000 after buying an additional 721 shares during the period. Finally, Portfolio Resources Advisor Group Inc. purchased a new stake in shares of Fidelity Small-Mid Multifactor ETF during the 4th quarter valued at approximately $49,000.

Fidelity Small-Mid Multifactor ETF Stock Up 0.2%

FSMD traded up $0.08 during trading on Thursday, reaching $47.71. The company’s stock had a trading volume of 104,990 shares, compared to its average volume of 155,801. The firm has a fifty day simple moving average of $46.03 and a two-hundred day simple moving average of $44.96. Fidelity Small-Mid Multifactor ETF has a 1 year low of $35.73 and a 1 year high of $48.07. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 16.74 and a beta of 0.94.

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.