Short Interest in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) Rises By 371.9%

Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) was the recipient of a significant growth in short interest in February. As of February 27th, there was short interest totaling 118,318 shares, a growth of 371.9% from the February 12th total of 25,075 shares. Based on an average daily volume of 172,473 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.3% of the company’s shares are sold short. Approximately 0.3% of the company’s shares are sold short. Based on an average daily volume of 172,473 shares, the days-to-cover ratio is currently 0.7 days.

Hedge Funds Weigh In On Fidelity Small-Mid Multifactor ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. SHP Wealth Management acquired a new position in shares of Fidelity Small-Mid Multifactor ETF during the fourth quarter worth $933,000. Cetera Investment Advisers increased its holdings in Fidelity Small-Mid Multifactor ETF by 5.9% in the fourth quarter. Cetera Investment Advisers now owns 604,170 shares of the company’s stock valued at $26,662,000 after purchasing an additional 33,765 shares during the period. Equitable Holdings Inc. increased its holdings in Fidelity Small-Mid Multifactor ETF by 0.6% in the fourth quarter. Equitable Holdings Inc. now owns 37,490 shares of the company’s stock valued at $1,654,000 after purchasing an additional 228 shares during the period. Osaic Holdings Inc. raised its position in Fidelity Small-Mid Multifactor ETF by 10.0% during the 4th quarter. Osaic Holdings Inc. now owns 370,228 shares of the company’s stock worth $16,343,000 after purchasing an additional 33,709 shares during the last quarter. Finally, Advisory Services Network LLC raised its position in Fidelity Small-Mid Multifactor ETF by 4.4% during the 4th quarter. Advisory Services Network LLC now owns 148,641 shares of the company’s stock worth $6,560,000 after purchasing an additional 6,322 shares during the last quarter.

Fidelity Small-Mid Multifactor ETF Stock Performance

Shares of Fidelity Small-Mid Multifactor ETF stock traded down $0.23 on Wednesday, hitting $44.92. The stock had a trading volume of 26,410 shares, compared to its average volume of 163,076. The stock has a 50 day moving average of $46.24 and a 200 day moving average of $44.72. Fidelity Small-Mid Multifactor ETF has a twelve month low of $33.95 and a twelve month high of $47.79. The firm has a market capitalization of $1.99 billion, a P/E ratio of 16.74 and a beta of 0.98.

About Fidelity Small-Mid Multifactor ETF

The Fidelity Small-Mid Factor ETF (FSMD) is an exchange-traded fund that is based on the Fidelity Small-Mid Multifactor index. The fund tracks a multi-factored index of US companies. FSMD was launched on Feb 26, 2019 and is managed by Fidelity.