Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) Sees Large Increase in Short Interest

Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) saw a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 56,045 shares, an increase of 129.7% from the January 15th total of 24,395 shares. Based on an average daily trading volume, of 139,799 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 139,799 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of FSMD. Root Financial Partners LLC purchased a new stake in shares of Fidelity Small-Mid Multifactor ETF during the third quarter worth approximately $27,000. Toth Financial Advisory Corp acquired a new position in Fidelity Small-Mid Multifactor ETF in the 4th quarter valued at $28,000. Allworth Financial LP raised its position in Fidelity Small-Mid Multifactor ETF by 80.7% during the 2nd quarter. Allworth Financial LP now owns 683 shares of the company’s stock worth $28,000 after buying an additional 305 shares during the last quarter. EverSource Wealth Advisors LLC acquired a new stake in shares of Fidelity Small-Mid Multifactor ETF in the 2nd quarter worth $33,000. Finally, Creative Financial Designs Inc. ADV boosted its holdings in shares of Fidelity Small-Mid Multifactor ETF by 283.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 975 shares of the company’s stock valued at $43,000 after acquiring an additional 721 shares in the last quarter.

Fidelity Small-Mid Multifactor ETF Trading Up 1.1%

FSMD stock traded up $0.52 on Friday, hitting $47.13. The company’s stock had a trading volume of 86,754 shares, compared to its average volume of 164,935. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 16.74 and a beta of 0.98. The firm has a 50 day moving average of $45.60 and a two-hundred day moving average of $44.18. Fidelity Small-Mid Multifactor ETF has a 1 year low of $33.95 and a 1 year high of $47.79.

Fidelity Small-Mid Multifactor ETF Company Profile

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.