Short Interest in Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) Decreases By 81.1%

Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) was the recipient of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 134,525 shares, a decrease of 81.1% from the May 14th total of 712,772 shares. Based on an average daily trading volume, of 624,409 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. DecisionMap Wealth Management LLC acquired a new stake in Fidelity Enhanced Small Cap ETF during the 4th quarter worth $1,398,000. American National Bank of Texas purchased a new position in Fidelity Enhanced Small Cap ETF during the 4th quarter worth $6,226,000. Focus Financial Network Inc. purchased a new position in Fidelity Enhanced Small Cap ETF during the 4th quarter worth $2,301,000. Petra Financial Advisors Inc. purchased a new position in Fidelity Enhanced Small Cap ETF during the 3rd quarter worth $865,000. Finally, First Heartland Consultants Inc. raised its position in Fidelity Enhanced Small Cap ETF by 28.4% during the 4th quarter. First Heartland Consultants Inc. now owns 147,535 shares of the company’s stock worth $5,574,000 after buying an additional 32,646 shares during the last quarter.

Fidelity Enhanced Small Cap ETF Stock Up 1.0%

NYSEARCA FESM traded up $0.46 on Friday, hitting $46.33. 479,594 shares of the stock were exchanged, compared to its average volume of 678,482. Fidelity Enhanced Small Cap ETF has a fifty-two week low of $30.37 and a fifty-two week high of $46.72. The company has a market cap of $5.21 billion, a PE ratio of 16.78 and a beta of 1.35. The company has a 50-day moving average price of $43.13 and a 200-day moving average price of $40.45.

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.