Short Interest in Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) Declines By 37.0%

Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) was the recipient of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 172,149 shares, a drop of 37.0% from the May 14th total of 273,127 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 709,835 shares, the days-to-cover ratio is presently 0.2 days.

Fidelity Enhanced Mid Cap ETF Trading Up 0.6%

FMDE stock traded up $0.26 during midday trading on Wednesday, hitting $40.63. The stock had a trading volume of 193,750 shares, compared to its average volume of 954,161. The firm has a market capitalization of $6.85 billion, a price-to-earnings ratio of 20.20 and a beta of 0.94. Fidelity Enhanced Mid Cap ETF has a 52 week low of $33.12 and a 52 week high of $40.84. The stock has a 50-day simple moving average of $38.74 and a 200 day simple moving average of $37.53.

Hedge Funds Weigh In On Fidelity Enhanced Mid Cap ETF

A number of hedge funds have recently modified their holdings of FMDE. Anchor Investment Management LLC acquired a new position in shares of Fidelity Enhanced Mid Cap ETF in the 4th quarter worth approximately $30,000. Cornerstone Planning Group LLC raised its holdings in shares of Fidelity Enhanced Mid Cap ETF by 70.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 1,102 shares of the company’s stock worth $43,000 after buying an additional 454 shares in the last quarter. Quattro Advisors LLC acquired a new position in shares of Fidelity Enhanced Mid Cap ETF in the 4th quarter worth approximately $43,000. Clear Investment Research LLC raised its holdings in shares of Fidelity Enhanced Mid Cap ETF by 209.6% in the 3rd quarter. Clear Investment Research LLC now owns 1,288 shares of the company’s stock worth $47,000 after buying an additional 872 shares in the last quarter. Finally, Root Financial Partners LLC acquired a new position in shares of Fidelity Enhanced Mid Cap ETF in the 1st quarter worth approximately $54,000.

Fidelity Enhanced Mid Cap ETF Company Profile

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