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

Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) was the recipient of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 319,276 shares, a decrease of 45.9% from the July 30th total of 590,575 shares. Based on an average trading volume of 923,906 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the company’s shares are sold short.

Fidelity Enhanced Small Cap ETF Price Performance

Shares of Fidelity Enhanced Small Cap ETF stock traded down $0.64 during trading on Friday, hitting $47.40. The company’s stock had a trading volume of 794,767 shares, compared to its average volume of 746,612. The stock has a market cap of $6.11 billion, a price-to-earnings ratio of 16.78 and a beta of 1.31. Fidelity Enhanced Small Cap ETF has a 52 week low of $34.83 and a 52 week high of $48.93. The stock has a 50-day moving average price of $47.62 and a two-hundred day moving average price of $43.79.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. World Investment Advisors acquired a new position in Fidelity Enhanced Small Cap ETF during the 4th quarter worth approximately $532,000. Kestra Private Wealth Services LLC increased its holdings in shares of Fidelity Enhanced Small Cap ETF by 203.0% during the fourth quarter. Kestra Private Wealth Services LLC now owns 32,190 shares of the company’s stock valued at $1,216,000 after acquiring an additional 21,567 shares in the last quarter. LPL Financial LLC increased its holdings in shares of Fidelity Enhanced Small Cap ETF by 66.6% during the fourth quarter. LPL Financial LLC now owns 4,286,386 shares of the company’s stock valued at $161,940,000 after acquiring an additional 1,713,064 shares in the last quarter. KFG Wealth Management LLC acquired a new position in shares of Fidelity Enhanced Small Cap ETF during the first quarter worth approximately $16,325,000. Finally, TritonPoint Partners LLC acquired a new position in shares of Fidelity Enhanced Small Cap ETF during the fourth quarter worth approximately $1,331,000.

Fidelity Enhanced Small Cap ETF Company Profile

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.