Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) Short Interest Update

Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) was the target of a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 33,083 shares, a decline of 79.3% from the January 15th total of 159,926 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 922,355 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 922,355 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Institutional Investors Weigh In On Fidelity Enhanced Mid Cap ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FMDE. Royal Bank of Canada lifted its position in Fidelity Enhanced Mid Cap ETF by 777.6% during the first quarter. Royal Bank of Canada now owns 59,442 shares of the company’s stock valued at $1,863,000 after buying an additional 52,669 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Fidelity Enhanced Mid Cap ETF by 12,968.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,544,393 shares of the company’s stock worth $79,741,000 after acquiring an additional 2,524,924 shares in the last quarter. CWM LLC purchased a new position in Fidelity Enhanced Mid Cap ETF during the 2nd quarter valued at about $31,000. MGO One Seven LLC boosted its stake in Fidelity Enhanced Mid Cap ETF by 136.7% during the second quarter. MGO One Seven LLC now owns 129,878 shares of the company’s stock worth $4,470,000 after acquiring an additional 75,002 shares in the last quarter. Finally, Atria Wealth Solutions Inc. boosted its stake in Fidelity Enhanced Mid Cap ETF by 49.9% during the second quarter. Atria Wealth Solutions Inc. now owns 172,540 shares of the company’s stock worth $5,938,000 after acquiring an additional 57,452 shares in the last quarter.

Fidelity Enhanced Mid Cap ETF Stock Down 0.3%

Shares of NYSEARCA:FMDE traded down $0.13 on Wednesday, hitting $37.55. The company had a trading volume of 842,443 shares, compared to its average volume of 837,364. The firm’s 50-day simple moving average is $37.01 and its two-hundred day simple moving average is $36.14. The firm has a market capitalization of $5.15 billion, a price-to-earnings ratio of 20.20 and a beta of 1.13. Fidelity Enhanced Mid Cap ETF has a 1 year low of $26.93 and a 1 year high of $37.94.

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.