Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) Sees Large Increase in Short Interest

Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 312,791 shares, an increase of 81.7% from the May 31st total of 172,149 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 757,143 shares, the days-to-cover ratio is currently 0.4 days.

Fidelity Enhanced Mid Cap ETF Price Performance

Shares of FMDE opened at $40.38 on Friday. The stock’s fifty day simple moving average is $39.40 and its 200-day simple moving average is $37.87. The firm has a market capitalization of $7.70 billion, a PE ratio of 20.20 and a beta of 0.91. Fidelity Enhanced Mid Cap ETF has a 12-month low of $33.92 and a 12-month high of $40.86.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of FMDE. Northwestern Mutual Wealth Management Co. lifted its holdings in Fidelity Enhanced Mid Cap ETF by 170.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 18,829,902 shares of the company’s stock valued at $685,032,000 after buying an additional 11,869,760 shares during the period. LPL Financial LLC increased its holdings in Fidelity Enhanced Mid Cap ETF by 28.3% in the fourth quarter. LPL Financial LLC now owns 4,947,566 shares of the company’s stock valued at $179,992,000 after purchasing an additional 1,090,826 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Fidelity Enhanced Mid Cap ETF by 90.2% in the fourth quarter. Wells Fargo & Company MN now owns 3,432,732 shares of the company’s stock valued at $124,883,000 after buying an additional 1,627,937 shares during the period. Huntington National Bank lifted its stake in Fidelity Enhanced Mid Cap ETF by 6.4% in the fourth quarter. Huntington National Bank now owns 2,878,740 shares of the company’s stock valued at $104,729,000 after buying an additional 173,185 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in Fidelity Enhanced Mid Cap ETF by 12,968.9% during the first quarter. Goldman Sachs Group Inc. now owns 2,544,393 shares of the company’s stock worth $79,741,000 after buying an additional 2,524,924 shares during the last quarter.

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.