Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) Stock Short Interest Falls 82.0%

Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) saw a large decline in short interest in October. As of October 15th, there was short interest totaling 66,721 shares, a decline of 82.0% from the September 30th total of 370,197 shares. Based on an average daily volume of 1,034,723 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Fidelity Enhanced Mid Cap ETF Price Performance

Fidelity Enhanced Mid Cap ETF stock traded up $0.01 during mid-day trading on Tuesday, reaching $41.70. The company had a trading volume of 405,872 shares, compared to its average volume of 935,320. The stock’s 50-day simple moving average is $41.46 and its 200-day simple moving average is $39.34. The company has a market capitalization of $8.53 billion, a P/E ratio of 20.20 and a beta of 0.93. Fidelity Enhanced Mid Cap ETF has a 1 year low of $34.33 and a 1 year high of $42.97.

Institutional Trading of Fidelity Enhanced Mid Cap ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Cornerstone Planning Group LLC raised its stake in shares of Fidelity Enhanced Mid Cap ETF by 70.1% during the first quarter. Cornerstone Planning Group LLC now owns 1,102 shares of the company’s stock valued at $43,000 after purchasing an additional 454 shares in the last quarter. Pension & Wealth Management Advisors Inc. increased its position in shares of Fidelity Enhanced Mid Cap ETF by 33.8% during the 3rd quarter. Pension & Wealth Management Advisors Inc. now owns 1,101 shares of the company’s stock valued at $44,000 after purchasing an additional 278 shares during the period. Root Financial Partners LLC acquired a new stake in shares of Fidelity Enhanced Mid Cap ETF in the first quarter valued at $54,000. Processus Wealth & Capital Management LLC acquired a new position in Fidelity Enhanced Mid Cap ETF during the third quarter worth about $204,000. Finally, National Wealth Management Group LLC acquired a new stake in Fidelity Enhanced Mid Cap ETF in the 3rd quarter valued at about $210,000.

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.