Short Interest in Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) Expands By 81.7%

Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 312,791 shares, an increase of 81.7% from the May 31st total of 172,149 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 757,143 shares, the days-to-cover ratio is presently 0.4 days.

Fidelity Enhanced Mid Cap ETF Price Performance

NYSEARCA:FMDE opened at $40.38 on Friday. The firm has a market capitalization of $7.70 billion, a P/E ratio of 20.20 and a beta of 0.91. Fidelity Enhanced Mid Cap ETF has a 1-year low of $33.92 and a 1-year high of $40.86. The company’s fifty day moving average price is $39.36 and its 200-day moving average price is $37.85.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FMDE. NewEdge Advisors LLC raised its position in shares of Fidelity Enhanced Mid Cap ETF by 33.2% during the 1st quarter. NewEdge Advisors LLC now owns 85,205 shares of the company’s stock worth $3,064,000 after purchasing an additional 21,246 shares during the last quarter. Serenity Investment Advisors purchased a new position in Fidelity Enhanced Mid Cap ETF in the 1st quarter valued at about $11,211,000. Summit Financial Wealth Advisors LLC boosted its holdings in Fidelity Enhanced Mid Cap ETF by 2.3% in the 1st quarter. Summit Financial Wealth Advisors LLC now owns 551,758 shares of the company’s stock worth $19,841,000 after buying an additional 12,261 shares during the last quarter. Cornerstone Wealth LLC TN acquired a new stake in Fidelity Enhanced Mid Cap ETF in the 1st quarter worth about $2,890,000. Finally, Bank of America Corp DE increased its stake in Fidelity Enhanced Mid Cap ETF by 28.9% during the 1st quarter. Bank of America Corp DE now owns 631,531 shares of the company’s stock worth $22,710,000 after buying an additional 141,475 shares in the last quarter.

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.