Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) Short Interest Down 67.6% in May

Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) was the target of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 19,239 shares, a decline of 67.6% from the May 14th total of 59,308 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 99,909 shares, the short-interest ratio is currently 0.2 days.

Fidelity Small-Mid Multifactor ETF Stock Up 1.0%

Shares of NYSEARCA:FSMD traded up $0.51 during midday trading on Friday, reaching $51.69. The company’s stock had a trading volume of 99,643 shares, compared to its average volume of 143,942. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 16.74 and a beta of 0.94. Fidelity Small-Mid Multifactor ETF has a 1 year low of $40.18 and a 1 year high of $51.90. The business has a 50 day moving average price of $48.93 and a 200 day moving average price of $46.67.

Institutional Investors Weigh In On Fidelity Small-Mid Multifactor ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in FSMD. Royal Bank of Canada grew its position in Fidelity Small-Mid Multifactor ETF by 30.9% during the first quarter. Royal Bank of Canada now owns 18,651 shares of the company’s stock valued at $730,000 after acquiring an additional 4,399 shares during the period. Goldman Sachs Group Inc. grew its position in Fidelity Small-Mid Multifactor ETF by 104.6% during the first quarter. Goldman Sachs Group Inc. now owns 41,957 shares of the company’s stock valued at $1,643,000 after acquiring an additional 21,452 shares during the period. Jane Street Group LLC grew its position in Fidelity Small-Mid Multifactor ETF by 113.0% during the first quarter. Jane Street Group LLC now owns 165,027 shares of the company’s stock valued at $6,462,000 after acquiring an additional 87,542 shares during the period. JPMorgan Chase & Co. grew its position in Fidelity Small-Mid Multifactor ETF by 96.2% during the second quarter. JPMorgan Chase & Co. now owns 18,613 shares of the company’s stock valued at $772,000 after acquiring an additional 9,128 shares during the period. Finally, EverSource Wealth Advisors LLC purchased a new stake in Fidelity Small-Mid Multifactor ETF during the second quarter valued at about $33,000.

Fidelity Small-Mid Multifactor ETF Company Profile

The Fidelity Small-Mid Factor ETF (FSMD) is an exchange-traded fund that is based on the Fidelity Small-Mid Multifactor index. The fund tracks a multi-factored index of US companies. FSMD was launched on Feb 26, 2019 and is managed by Fidelity.