Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) Sees Large Drop in Short Interest

Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) was the recipient of a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 231,009 shares, a decline of 18.9% from the February 26th total of 284,912 shares. Based on an average daily volume of 1,846,549 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.2% of the company’s shares are sold short.

Fidelity Enhanced Mid Cap ETF Price Performance

FMDE stock traded down $0.02 on Monday, hitting $35.21. 563,001 shares of the company were exchanged, compared to its average volume of 1,075,549. The stock has a market capitalization of $4.83 billion, a price-to-earnings ratio of 20.20 and a beta of 1.13. The business’s fifty day moving average is $37.02 and its two-hundred day moving average is $36.49. Fidelity Enhanced Mid Cap ETF has a twelve month low of $26.93 and a twelve month high of $38.26.

Hedge Funds Weigh In On Fidelity Enhanced Mid Cap ETF

Hedge funds have recently made changes to their positions in the business. Anchor Investment Management LLC purchased a new stake in Fidelity Enhanced Mid Cap ETF during the 4th quarter worth $30,000. AE Wealth Management LLC raised its position in Fidelity Enhanced Mid Cap ETF by 632.9% in the third quarter. AE Wealth Management LLC now owns 1,026 shares of the company’s stock valued at $37,000 after purchasing an additional 886 shares during the period. Holos Integrated Wealth LLC acquired a new position in shares of Fidelity Enhanced Mid Cap ETF during the second quarter worth about $42,000. Quattro Advisors LLC acquired a new position in shares of Fidelity Enhanced Mid Cap ETF during the fourth quarter worth about $43,000. Finally, Clear Investment Research LLC boosted its position in shares of Fidelity Enhanced Mid Cap ETF by 209.6% in the third quarter. Clear Investment Research LLC now owns 1,288 shares of the company’s stock worth $47,000 after buying an additional 872 shares during the period.

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.