Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) Short Interest Update

Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) saw a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 226,818 shares, a decline of 54.7% from the December 15th total of 500,897 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 626,276 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 626,276 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the shares of the company are short sold.

Fidelity Enhanced Mid Cap ETF Trading Up 0.5%

Shares of NYSEARCA FMDE traded up $0.19 during midday trading on Thursday, reaching $37.73. The company had a trading volume of 792,384 shares, compared to its average volume of 845,658. Fidelity Enhanced Mid Cap ETF has a 1 year low of $26.93 and a 1 year high of $37.91. The business’s 50-day simple moving average is $36.40 and its 200 day simple moving average is $35.81. The stock has a market cap of $4.88 billion, a P/E ratio of 20.20 and a beta of 1.13.

Institutional Trading of Fidelity Enhanced Mid Cap ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FMDE. Royal Bank of Canada increased its holdings in shares of Fidelity Enhanced Mid Cap ETF by 777.6% in the first quarter. Royal Bank of Canada now owns 59,442 shares of the company’s stock valued at $1,863,000 after purchasing an additional 52,669 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Fidelity Enhanced Mid Cap ETF by 12,968.9% during the first quarter. Goldman Sachs Group Inc. now owns 2,544,393 shares of the company’s stock worth $79,741,000 after purchasing an additional 2,524,924 shares during the period. Fermata Advisors LLC acquired a new position in Fidelity Enhanced Mid Cap ETF in the 2nd quarter worth approximately $365,000. Wealth Enhancement Advisory Services LLC raised its position in Fidelity Enhanced Mid Cap ETF by 43.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 14,561 shares of the company’s stock worth $508,000 after buying an additional 4,422 shares during the last quarter. Finally, KFG Wealth Management LLC lifted its stake in Fidelity Enhanced Mid Cap ETF by 9.2% during the 2nd quarter. KFG Wealth Management LLC now owns 507,680 shares of the company’s stock valued at $17,472,000 after acquiring an additional 42,984 shares during the period.

Fidelity Enhanced Mid Cap ETF Company Profile

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.