Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) Short Interest Update

Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 250,058 shares, a growth of 252.0% from the April 15th total of 71,031 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 723,454 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC grew its stake in Fidelity Enhanced Small Cap ETF by 69.7% during the 3rd quarter. Cornerstone Planning Group LLC now owns 750 shares of the company’s stock worth $28,000 after buying an additional 308 shares during the last quarter. Johnson Financial Group Inc. purchased a new position in shares of Fidelity Enhanced Small Cap ETF in the 4th quarter valued at approximately $66,000. Harbor Asset Planning Inc. grew its stake in shares of Fidelity Enhanced Small Cap ETF by 18.1% in the 4th quarter. Harbor Asset Planning Inc. now owns 1,954 shares of the company’s stock valued at $74,000 after purchasing an additional 299 shares during the last quarter. PNC Financial Services Group Inc. purchased a new position in shares of Fidelity Enhanced Small Cap ETF in the 4th quarter valued at approximately $83,000. Finally, IFP Advisors Inc purchased a new position in shares of Fidelity Enhanced Small Cap ETF in the 4th quarter valued at approximately $85,000.

Fidelity Enhanced Small Cap ETF Stock Down 2.1%

NYSEARCA:FESM traded down $0.94 during mid-day trading on Friday, reaching $43.45. 403,842 shares of the stock were exchanged, compared to its average volume of 684,193. The company has a 50 day simple moving average of $40.51 and a 200-day simple moving average of $39.32. The stock has a market capitalization of $4.89 billion, a P/E ratio of 16.78 and a beta of 1.37. Fidelity Enhanced Small Cap ETF has a 1 year low of $29.70 and a 1 year high of $45.14.

About Fidelity Enhanced Small Cap ETF

The Fidelity Enhanced Small Cap ETF (FESM) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is an actively managed fund that invests in US, small-cap companies. Stock selection is based on computer-aided analysis, which chooses stocks belonging to the Russel 2000 Index. FESM was launched on Dec 20, 2007 and is issued by Fidelity.