Short Interest in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) Rises By 248.6%

Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 590,575 shares, an increase of 248.6% from the July 15th total of 169,418 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily volume of 831,602 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FESM. Envision Financial LLC purchased a new stake in shares of Fidelity Enhanced Small Cap ETF in the second quarter valued at $4,545,000. Focus Financial Network Inc. boosted its stake in shares of Fidelity Enhanced Small Cap ETF by 6.0% during the 2nd quarter. Focus Financial Network Inc. now owns 771,548 shares of the company’s stock worth $37,258,000 after purchasing an additional 43,768 shares during the period. Breakwater Capital Group boosted its stake in shares of Fidelity Enhanced Small Cap ETF by 104.0% during the 2nd quarter. Breakwater Capital Group now owns 117,082 shares of the company’s stock worth $5,654,000 after purchasing an additional 59,675 shares during the period. First Heartland Consultants Inc. grew its holdings in Fidelity Enhanced Small Cap ETF by 42.6% during the 2nd quarter. First Heartland Consultants Inc. now owns 196,379 shares of the company’s stock valued at $9,843,000 after purchasing an additional 58,707 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC bought a new position in Fidelity Enhanced Small Cap ETF during the 2nd quarter valued at about $249,000.

Fidelity Enhanced Small Cap ETF Stock Performance

NYSEARCA FESM opened at $48.88 on Friday. The company has a market cap of $6.30 billion, a P/E ratio of 16.78 and a beta of 1.31. The business’s 50 day moving average price is $47.21 and its 200-day moving average price is $43.23. Fidelity Enhanced Small Cap ETF has a fifty-two week low of $33.67 and a fifty-two week high of $48.93.

About Fidelity Enhanced Small Cap ETF

The Fidelity Enhanced Small Cap ETF (FESM) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is an actively managed fund that invests in US, small-cap companies. Stock selection is based on computer-aided analysis, which chooses stocks belonging to the Russel 2000 Index. FESM was launched on Dec 20, 2007 and is issued by Fidelity.