Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) Short Interest Down 68.6% in March

Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) was the recipient of a large decline in short interest in March. As of March 31st, there was short interest totaling 72,549 shares, a decline of 68.6% from the March 15th total of 231,009 shares. Based on an average daily trading volume, of 1,385,237 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Fidelity Enhanced Mid Cap ETF Price Performance

Shares of FMDE stock traded down $0.26 during trading hours on Friday, reaching $37.17. 933,429 shares of the company traded hands, compared to its average volume of 1,080,330. Fidelity Enhanced Mid Cap ETF has a 12-month low of $28.64 and a 12-month high of $38.26. The company has a market cap of $6.10 billion, a P/E ratio of 20.20 and a beta of 1.05. The firm has a 50-day moving average price of $36.85 and a 200 day moving average price of $36.51.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Anchor Investment Management LLC purchased a new position in Fidelity Enhanced Mid Cap ETF in the 4th quarter worth approximately $30,000. AE Wealth Management LLC lifted its holdings in Fidelity Enhanced Mid Cap ETF by 632.9% in the 3rd quarter. AE Wealth Management LLC now owns 1,026 shares of the company’s stock worth $37,000 after purchasing an additional 886 shares in the last quarter. Quattro Advisors LLC purchased a new position in Fidelity Enhanced Mid Cap ETF in the 4th quarter worth approximately $43,000. Clear Investment Research LLC lifted its holdings in 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 purchasing an additional 872 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in Fidelity Enhanced Mid Cap ETF by 4,160.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,960 shares of the company’s stock worth $71,000 after purchasing an additional 1,914 shares in 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.