Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD – Get Free Report) was the target of a significant drop in short interest in October. As of October 30th, there was short interest totaling 13,729 shares, a drop of 76.9% from the October 15th total of 59,352 shares. Based on an average daily volume of 285,441 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.
Fidelity Small-Mid Multifactor ETF Stock Performance
FSMD stock opened at $50.50 on Thursday. The firm has a 50 day moving average price of $50.10 and a 200-day moving average price of $49.27. Fidelity Small-Mid Multifactor ETF has a 52-week low of $41.86 and a 52-week high of $53.48. The firm has a market capitalization of $2.49 billion, a price-to-earnings ratio of 16.43 and a beta of 0.95.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in FSMD. Private Advisor Group LLC purchased a new stake in shares of Fidelity Small-Mid Multifactor ETF in the third quarter worth $2,189,000. Prasad Wealth Partners LLC increased its holdings in shares of Fidelity Small-Mid Multifactor ETF by 1.1% during the third quarter. Prasad Wealth Partners LLC now owns 200,221 shares of the company’s stock valued at $9,845,000 after acquiring an additional 2,253 shares in the last quarter. HighTower Advisors LLC bought a new position in shares of Fidelity Small-Mid Multifactor ETF during the third quarter valued at $463,000. Thoroughbred Financial Services LLC bought a new position in shares of Fidelity Small-Mid Multifactor ETF during the third quarter valued at $675,000. Finally, Harbour Investments Inc. purchased a new position in shares of Fidelity Small-Mid Multifactor ETF in the 3rd quarter worth about $129,000.
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.
See Also
- Five stocks we like better than Fidelity Small-Mid Multifactor ETF
- The Post-Midterm Rally Clock Is Ticking—and These 3 AI Stocks Stand Out
- Hims & Hers Bounced Back 9%, But Its Earnings Reveal a Costly Trade-Off
- Palantir’s Real Washington Risk Isn’t the Budget—It’s Oversight
- Keeping AI Cool: AAON Rides the AI Heatwave to Record Growth
Receive News & Ratings for Fidelity Small-Mid Multifactor ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity Small-Mid Multifactor ETF and related companies with MarketBeat.com's FREE daily email newsletter.
