Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) Short Interest Update

Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) saw a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 24,340 shares, a drop of 79.4% from the February 26th total of 118,318 shares. Based on an average trading volume of 145,508 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

Fidelity Small-Mid Multifactor ETF Stock Performance

Fidelity Small-Mid Multifactor ETF stock traded down $0.55 during midday trading on Friday, reaching $43.90. 243,472 shares of the stock were exchanged, compared to its average volume of 159,242. The company’s fifty day moving average is $46.01 and its 200-day moving average is $44.76. The firm has a market cap of $1.94 billion, a PE ratio of 16.74 and a beta of 0.98. Fidelity Small-Mid Multifactor ETF has a 52 week low of $33.95 and a 52 week high of $47.79.

Institutional Investors Weigh In On Fidelity Small-Mid Multifactor ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Root Financial Partners LLC purchased a new position in Fidelity Small-Mid Multifactor ETF during the third quarter worth about $27,000. Toth Financial Advisory Corp bought a new position in Fidelity Small-Mid Multifactor ETF in the 4th quarter worth about $28,000. Allworth Financial LP raised its holdings in shares of Fidelity Small-Mid Multifactor ETF by 80.7% in the 2nd quarter. Allworth Financial LP now owns 683 shares of the company’s stock valued at $28,000 after acquiring an additional 305 shares in the last quarter. EverSource Wealth Advisors LLC bought a new stake in shares of Fidelity Small-Mid Multifactor ETF during the 2nd quarter valued at about $33,000. Finally, Creative Financial Designs Inc. ADV boosted 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 acquiring an additional 721 shares during the last quarter.

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.