Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) Short Interest Up 87.8% in July

Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 250,991 shares, a growth of 87.8% from the July 15th total of 133,667 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 906,996 shares, the short-interest ratio is presently 0.3 days.

Fidelity Enhanced Mid Cap ETF Stock Performance

Shares of Fidelity Enhanced Mid Cap ETF stock traded up $0.10 during midday trading on Friday, reaching $42.96. 616,307 shares of the company’s stock traded hands, compared to its average volume of 954,391. The company has a market cap of $8.12 billion, a price-to-earnings ratio of 20.20 and a beta of 0.91. The company’s 50 day simple moving average is $40.74 and its 200 day simple moving average is $38.74. Fidelity Enhanced Mid Cap ETF has a 52 week low of $34.33 and a 52 week high of $42.97.

Hedge Funds Weigh In On Fidelity Enhanced Mid Cap ETF

Several institutional investors have recently bought and sold shares of the stock. Anchor Investment Management LLC acquired a new position in shares of Fidelity Enhanced Mid Cap ETF during the 4th quarter valued at about $30,000. Cornerstone Planning Group LLC lifted its holdings in 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 purchasing an additional 454 shares during the last quarter. Quattro Advisors LLC acquired a new stake in Fidelity Enhanced Mid Cap ETF in the 4th quarter worth approximately $43,000. Root Financial Partners LLC bought a new stake in Fidelity Enhanced Mid Cap ETF during the first quarter worth approximately $54,000. Finally, Advisory Services Network LLC acquired a new position in Fidelity Enhanced Mid Cap ETF during the third quarter valued at approximately $75,000.

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.