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

Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 902,900 shares, an increase of 258.9% from the September 30th total of 251,600 shares. Based on an average daily volume of 603,000 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.8% of the shares of the company are short sold. Currently, 0.8% of the shares of the company are short sold. Based on an average daily volume of 603,000 shares, the days-to-cover ratio is currently 1.5 days.

Fidelity Enhanced Mid Cap ETF Price Performance

FMDE stock opened at $36.02 on Wednesday. The company has a fifty day moving average price of $35.94 and a 200 day moving average price of $34.31. Fidelity Enhanced Mid Cap ETF has a 12 month low of $26.93 and a 12 month high of $36.60. The company has a market cap of $3.99 billion, a price-to-earnings ratio of 20.20 and a beta of 1.13.

Hedge Funds Weigh In On Fidelity Enhanced Mid Cap ETF

Large investors have recently bought and sold shares of the company. Williams & Novak LLC purchased a new position in Fidelity Enhanced Mid Cap ETF during the 2nd quarter worth $223,000. Marshall Investment Management LLC purchased a new position in Fidelity Enhanced Mid Cap ETF during the 1st quarter worth $38,000. Private Advisor Group LLC raised its position in Fidelity Enhanced Mid Cap ETF by 52.4% during the 1st quarter. Private Advisor Group LLC now owns 78,554 shares of the company’s stock worth $2,462,000 after buying an additional 27,010 shares during the last quarter. D.A. Davidson & CO. raised its position in Fidelity Enhanced Mid Cap ETF by 17.6% during the 1st quarter. D.A. Davidson & CO. now owns 81,381 shares of the company’s stock worth $2,550,000 after buying an additional 12,205 shares during the last quarter. Finally, Aspen Wealth Strategies LLC purchased a new position in Fidelity Enhanced Mid Cap ETF during the 1st quarter worth $5,513,000.

About Fidelity Enhanced Mid Cap ETF

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.