Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) Stock Short Interest Falls 42.5%

Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) saw a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 235,704 shares, a decrease of 42.5% from the August 31st total of 410,161 shares. Based on an average trading volume of 754,952 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. LPL Financial LLC raised its position in Fidelity Enhanced Small Cap ETF by 66.6% in the 4th quarter. LPL Financial LLC now owns 4,286,386 shares of the company’s stock valued at $161,940,000 after buying an additional 1,713,064 shares during the last quarter. Fifth Third Bancorp purchased a new position in Fidelity Enhanced Small Cap ETF during the 1st quarter worth $105,807,000. Cetera Investment Advisers grew its stake in shares of Fidelity Enhanced Small Cap ETF by 46.8% in the 1st quarter. Cetera Investment Advisers now owns 1,962,108 shares of the company’s stock worth $74,560,000 after acquiring an additional 625,917 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Fidelity Enhanced Small Cap ETF by 41.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,501,451 shares of the company’s stock worth $72,505,000 after acquiring an additional 441,088 shares in the last quarter. Finally, Tableaux LLC purchased a new stake in shares of Fidelity Enhanced Small Cap ETF in the fourth quarter valued at about $68,706,000.

Fidelity Enhanced Small Cap ETF Trading Down 0.2%

NYSEARCA FESM traded down $0.11 during trading hours on Wednesday, hitting $44.95. The company’s stock had a trading volume of 2,386,755 shares, compared to its average volume of 775,869. Fidelity Enhanced Small Cap ETF has a 52 week low of $34.83 and a 52 week high of $48.93. The company has a market capitalization of $6.33 billion, a PE ratio of 16.78 and a beta of 1.30. The company’s 50-day simple moving average is $47.06 and its two-hundred day simple moving average is $44.80.

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.