Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD – Get Free Report) saw a significant increase in short interest in June. As of June 30th, there was short interest totaling 72,908 shares, an increase of 133.4% from the June 15th total of 31,238 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 108,494 shares, the days-to-cover ratio is currently 0.7 days.
Fidelity Small-Mid Multifactor ETF Stock Performance
FSMD stock traded down $0.13 during trading on Wednesday, hitting $51.07. 90,388 shares of the company’s stock traded hands, compared to its average volume of 138,598. Fidelity Small-Mid Multifactor ETF has a 52 week low of $40.79 and a 52 week high of $53.00. The business has a fifty day simple moving average of $50.70 and a 200 day simple moving average of $47.84. The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of 16.74 and a beta of 0.93.
Institutional Trading of Fidelity Small-Mid Multifactor ETF
Several hedge funds and other institutional investors have recently bought and sold shares of FSMD. Royal Bank of Canada boosted its stake in Fidelity Small-Mid Multifactor ETF by 30.9% during the first quarter. Royal Bank of Canada now owns 18,651 shares of the company’s stock worth $730,000 after buying an additional 4,399 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Fidelity Small-Mid Multifactor ETF by 104.6% in the first quarter. Goldman Sachs Group Inc. now owns 41,957 shares of the company’s stock valued at $1,643,000 after acquiring an additional 21,452 shares during the period. Jane Street Group LLC lifted its holdings in shares of Fidelity Small-Mid Multifactor ETF by 113.0% in the 1st quarter. Jane Street Group LLC now owns 165,027 shares of the company’s stock worth $6,462,000 after acquiring an additional 87,542 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Fidelity Small-Mid Multifactor ETF by 96.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 18,613 shares of the company’s stock worth $772,000 after acquiring an additional 9,128 shares during the last quarter. Finally, EverSource Wealth Advisors LLC purchased a new position in shares of Fidelity Small-Mid Multifactor ETF during the 2nd quarter worth about $33,000.
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.
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