Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD – Get Free Report) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 36,518 shares, a decrease of 47.6% from the August 15th total of 69,743 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 99,449 shares, the short-interest ratio is currently 0.4 days.
Fidelity Small-Mid Multifactor ETF Stock Down 0.6%
FSMD traded down $0.29 during midday trading on Tuesday, hitting $50.20. 194,266 shares of the company were exchanged, compared to its average volume of 131,449. The firm has a market capitalization of $2.48 billion, a P/E ratio of 16.74 and a beta of 0.93. Fidelity Small-Mid Multifactor ETF has a 1-year low of $41.86 and a 1-year high of $53.48. The firm’s 50 day moving average price is $51.45 and its 200-day moving average price is $49.47.
Hedge Funds Weigh In On Fidelity Small-Mid Multifactor ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in FSMD. Northwestern Mutual Wealth Management Co. increased its position in Fidelity Small-Mid Multifactor ETF by 5.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 342,968 shares of the company’s stock valued at $15,135,000 after purchasing an additional 17,264 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Fidelity Small-Mid Multifactor ETF by 383.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 16,057 shares of the company’s stock worth $718,000 after purchasing an additional 12,739 shares during the period. Sanctuary Advisors LLC boosted its stake in shares of Fidelity Small-Mid Multifactor ETF by 94.5% in the 1st quarter. Sanctuary Advisors LLC now owns 841,578 shares of the company’s stock valued at $37,635,000 after purchasing an additional 408,953 shares during the last quarter. Liberty Square Wealth Partners LLC boosted its stake in shares of Fidelity Small-Mid Multifactor ETF by 127.7% in the 4th quarter. Liberty Square Wealth Partners LLC now owns 259,983 shares of the company’s stock valued at $11,473,000 after purchasing an additional 145,799 shares during the last quarter. Finally, Kestra Investment Management LLC acquired a new stake in shares of Fidelity Small-Mid Multifactor ETF during the fourth quarter worth $55,484,000.
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.
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