Short Interest in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) Rises By 81.6%

Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 59,308 shares, a growth of 81.6% from the April 30th total of 32,654 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 136,973 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of Fidelity Small-Mid Multifactor ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Retirement Planning Group LLC increased its stake in Fidelity Small-Mid Multifactor ETF by 28.5% in the first quarter. Retirement Planning Group LLC now owns 5,165,395 shares of the company’s stock valued at $230,996,000 after acquiring an additional 1,144,782 shares during the period. Commonwealth Equity Services LLC increased its stake in Fidelity Small-Mid Multifactor ETF by 18.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 3,052,013 shares of the company’s stock valued at $134,685,000 after acquiring an additional 480,484 shares during the period. Bank of America Corp DE increased its stake in Fidelity Small-Mid Multifactor ETF by 12.5% in the first quarter. Bank of America Corp DE now owns 1,277,438 shares of the company’s stock valued at $57,127,000 after acquiring an additional 141,664 shares during the period. Kestra Investment Management LLC bought a new stake in Fidelity Small-Mid Multifactor ETF in the fourth quarter valued at about $55,484,000. Finally, LPL Financial LLC increased its stake in Fidelity Small-Mid Multifactor ETF by 8.6% in the fourth quarter. LPL Financial LLC now owns 1,099,883 shares of the company’s stock valued at $48,538,000 after acquiring an additional 86,762 shares during the period.

Fidelity Small-Mid Multifactor ETF Price Performance

NYSEARCA FSMD opened at $50.49 on Thursday. The firm has a market capitalization of $2.44 billion, a price-to-earnings ratio of 16.74 and a beta of 0.94. The company’s fifty day moving average is $48.10 and its two-hundred day moving average is $46.31. Fidelity Small-Mid Multifactor ETF has a 52-week low of $40.18 and a 52-week high of $50.67.

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.