Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) Short Interest Up 87.8% in July

Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 250,991 shares, a growth of 87.8% from the July 15th total of 133,667 shares. Based on an average daily volume of 906,996 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are sold short.

Fidelity Enhanced Mid Cap ETF Stock Performance

Fidelity Enhanced Mid Cap ETF stock traded up $0.10 during trading hours on Friday, hitting $42.96. 616,307 shares of the stock were exchanged, compared to its average volume of 954,391. The stock has a market capitalization of $8.12 billion, a P/E ratio of 20.20 and a beta of 0.91. The business’s 50-day moving average is $40.74 and its two-hundred day moving average is $38.74. Fidelity Enhanced Mid Cap ETF has a 12 month low of $34.33 and a 12 month high of $42.97.

Institutional Investors Weigh In On Fidelity Enhanced Mid Cap ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Redhawk Wealth Advisors Inc. bought a new stake in shares of Fidelity Enhanced Mid Cap ETF during the second quarter worth $11,422,000. Wealthcare Advisory Partners LLC lifted its position in Fidelity Enhanced Mid Cap ETF by 0.5% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 55,911 shares of the company’s stock worth $2,269,000 after buying an additional 285 shares in the last quarter. Herbst Group LLC lifted its position in Fidelity Enhanced Mid Cap ETF by 6.7% during the 2nd quarter. Herbst Group LLC now owns 8,000 shares of the company’s stock worth $325,000 after buying an additional 500 shares in the last quarter. Adamsbrown Wealth Consultants LLC grew its holdings in Fidelity Enhanced Mid Cap ETF by 4.0% during the 2nd quarter. Adamsbrown Wealth Consultants LLC now owns 625,634 shares of the company’s stock worth $25,388,000 after acquiring an additional 24,145 shares during the last quarter. Finally, First Heartland Consultants Inc. increased its position in Fidelity Enhanced Mid Cap ETF by 6.4% in the 2nd quarter. First Heartland Consultants Inc. now owns 145,203 shares of the company’s stock valued at $5,892,000 after acquiring an additional 8,737 shares in the last quarter.

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.