Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE – Get Free Report) was the recipient of a significant decline in short interest in August. As of August 31st, there was short interest totaling 82,645 shares, a decline of 69.0% from the August 15th total of 266,617 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 686,341 shares, the short-interest ratio is presently 0.1 days.
Fidelity Enhanced Mid Cap ETF Stock Performance
Shares of NYSEARCA FMDE traded up $0.42 during mid-day trading on Friday, hitting $41.45. 908,089 shares of the stock were exchanged, compared to its average volume of 930,109. The company has a market cap of $7.84 billion, a P/E ratio of 20.20 and a beta of 0.91. The stock’s fifty day simple moving average is $41.52 and its two-hundred day simple moving average is $39.40. Fidelity Enhanced Mid Cap ETF has a twelve month low of $34.33 and a twelve month high of $42.97.
Institutional Investors Weigh In On Fidelity Enhanced Mid Cap ETF
A number of large investors have recently bought and sold shares of the business. Wealthcare Advisory Partners LLC raised its position in Fidelity Enhanced Mid Cap ETF by 0.5% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 55,911 shares of the company’s stock valued at $2,269,000 after purchasing an additional 285 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Fidelity Enhanced Mid Cap ETF by 15.6% in the second quarter. Geneos Wealth Management Inc. now owns 2,450 shares of the company’s stock valued at $84,000 after buying an additional 331 shares in the last quarter. Cornerstone Planning Group LLC increased its stake in shares of Fidelity Enhanced Mid Cap ETF by 70.1% in the first quarter. Cornerstone Planning Group LLC now owns 1,102 shares of the company’s stock valued at $43,000 after buying an additional 454 shares in the last quarter. Herbst Group LLC raised its holdings in shares of Fidelity Enhanced Mid Cap ETF by 6.7% in the second quarter. Herbst Group LLC now owns 8,000 shares of the company’s stock valued at $325,000 after buying an additional 500 shares during the last quarter. Finally, Evergreen Private Wealth LLC raised its holdings in shares of Fidelity Enhanced Mid Cap ETF by 2.0% in the first quarter. Evergreen Private Wealth LLC now owns 29,558 shares of the company’s stock valued at $1,063,000 after buying an additional 572 shares during the last quarter.
About Fidelity Enhanced Mid Cap ETF
The Fidelity Enhanced Mid Cap ETF (FMDE) is an exchange-traded fund that mostly invests in mid cap equity. The fund is an actively managed fund that invests in US, mid-cap companies. Stock selection is based on computer-aided analysis, which chooses stocks belonging to the Russel Midcap Index. FMDE was launched on Dec 20, 2007 and is issued by Fidelity.
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