Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE – Get Free Report) was the recipient of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 133,667 shares, a drop of 71.0% from the June 30th total of 460,392 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 883,367 shares, the days-to-cover ratio is presently 0.2 days.
Fidelity Enhanced Mid Cap ETF Price Performance
FMDE opened at $40.57 on Friday. The company has a market capitalization of $7.55 billion, a P/E ratio of 20.20 and a beta of 0.91. The firm’s fifty day moving average price is $39.98 and its two-hundred day moving average price is $38.28. Fidelity Enhanced Mid Cap ETF has a fifty-two week low of $34.06 and a fifty-two week high of $40.86.
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 the business. Anchor Investment Management LLC acquired a new stake in Fidelity Enhanced Mid Cap ETF during the fourth quarter valued at approximately $30,000. Cornerstone Planning Group LLC raised its holdings in shares of Fidelity Enhanced Mid Cap ETF by 70.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 1,102 shares of the company’s stock worth $43,000 after buying an additional 454 shares in the last quarter. Quattro Advisors LLC acquired a new position in shares of Fidelity Enhanced Mid Cap ETF in the 4th quarter worth approximately $43,000. Root Financial Partners LLC bought a new position in shares of Fidelity Enhanced Mid Cap ETF during the 1st quarter worth approximately $54,000. Finally, Advisory Services Network LLC bought a new position in shares of Fidelity Enhanced Mid Cap ETF during the 3rd quarter worth approximately $75,000.
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.
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