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

Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) was the recipient of a large drop in short interest during the month of February. As of February 13th, there was short interest totaling 25,075 shares, a drop of 55.3% from the January 29th total of 56,045 shares. Based on an average daily trading volume, of 195,123 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are sold short. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 195,123 shares, the short-interest ratio is currently 0.1 days.

Fidelity Small-Mid Multifactor ETF Stock Performance

Fidelity Small-Mid Multifactor ETF stock traded down $0.49 during trading hours on Friday, reaching $47.09. 61,851 shares of the stock were exchanged, compared to its average volume of 166,660. Fidelity Small-Mid Multifactor ETF has a 52-week low of $33.95 and a 52-week high of $47.79. The stock has a market cap of $2.09 billion, a P/E ratio of 16.74 and a beta of 0.98. The firm’s 50 day moving average is $46.10 and its 200 day moving average is $44.57.

Institutional Investors Weigh In On Fidelity Small-Mid Multifactor ETF

A number of institutional investors have recently added to or reduced their stakes in the business. Root Financial Partners LLC purchased a new position in shares of Fidelity Small-Mid Multifactor ETF during the 3rd quarter worth approximately $27,000. Toth Financial Advisory Corp acquired a new position in Fidelity Small-Mid Multifactor ETF during the fourth quarter worth $28,000. Allworth Financial LP raised its position in Fidelity Small-Mid Multifactor ETF by 80.7% in the second quarter. Allworth Financial LP now owns 683 shares of the company’s stock worth $28,000 after acquiring an additional 305 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new stake in Fidelity Small-Mid Multifactor ETF in the second quarter valued at $33,000. Finally, Creative Financial Designs Inc. ADV boosted its position in shares of Fidelity Small-Mid Multifactor ETF by 283.9% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 975 shares of the company’s stock worth $43,000 after purchasing an additional 721 shares in the last quarter.

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.