Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM – Get Free Report) was the recipient of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 319,276 shares, a decline of 45.9% from the July 30th total of 590,575 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 923,906 shares, the days-to-cover ratio is presently 0.3 days.
Institutional Investors Weigh In On Fidelity Enhanced Small Cap ETF
Several hedge funds and other institutional investors have recently made changes to their positions in FESM. Madison Wealth Partners Inc boosted its position in Fidelity Enhanced Small Cap ETF by 3.8% in the 4th quarter. Madison Wealth Partners Inc now owns 13,509 shares of the company’s stock valued at $510,000 after buying an additional 498 shares during the period. Janney Montgomery Scott LLC increased its position in shares of Fidelity Enhanced Small Cap ETF by 4.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 13,080 shares of the company’s stock worth $494,000 after acquiring an additional 499 shares during the period. Eaton Financial Holdings Company LLC raised its stake in shares of Fidelity Enhanced Small Cap ETF by 2.6% during the fourth quarter. Eaton Financial Holdings Company LLC now owns 21,674 shares of the company’s stock valued at $819,000 after acquiring an additional 554 shares in the last quarter. Essex Financial Services Inc. raised its stake in shares of Fidelity Enhanced Small Cap ETF by 8.2% during the fourth quarter. Essex Financial Services Inc. now owns 7,457 shares of the company’s stock valued at $282,000 after acquiring an additional 568 shares in the last quarter. Finally, FMA Wealth Management LLC boosted its holdings in shares of Fidelity Enhanced Small Cap ETF by 0.7% in the third quarter. FMA Wealth Management LLC now owns 88,066 shares of the company’s stock valued at $3,220,000 after purchasing an additional 647 shares during the period.
Fidelity Enhanced Small Cap ETF Trading Down 0.6%
NYSEARCA:FESM traded down $0.27 during midday trading on Monday, hitting $47.13. 803,492 shares of the company traded hands, compared to its average volume of 746,955. The firm has a market capitalization of $6.08 billion, a P/E ratio of 16.78 and a beta of 1.31. The firm’s fifty day moving average is $47.62 and its 200-day moving average is $43.86. Fidelity Enhanced Small Cap ETF has a 12-month low of $34.83 and a 12-month high of $48.93.
About Fidelity Enhanced Small Cap ETF
The Fidelity Enhanced Small Cap ETF (FESM) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is an actively managed fund that invests in US, small-cap companies. Stock selection is based on computer-aided analysis, which chooses stocks belonging to the Russel 2000 Index. FESM was launched on Dec 20, 2007 and is issued by Fidelity.
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