Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) Sees Significant Drop in Short Interest

by · The Markets Daily

Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE – Get Free Report) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 82,645 shares, a decline of 69.0% from the August 15th total of 266,617 shares. Based on an average trading volume of 686,341 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Fidelity Enhanced Mid Cap ETF Price Performance

Shares of Fidelity Enhanced Mid Cap ETF stock traded down $0.21 during trading hours on Monday, hitting $41.24. The company’s stock had a trading volume of 668,184 shares, compared to its average volume of 928,612. The company has a market capitalization of $7.80 billion, a PE ratio of 20.20 and a beta of 0.91. The stock has a 50 day moving average of $41.52 and a 200 day moving average of $39.41. Fidelity Enhanced Mid Cap ETF has a 12 month low of $34.33 and a 12 month high of $42.97.

Institutional Trading of Fidelity Enhanced Mid Cap ETF

Large investors have recently bought and sold shares of the business. Capital Analysts LLC lifted its stake in Fidelity Enhanced Mid Cap ETF by 1.3% in the second quarter. Capital Analysts LLC now owns 1,862,959 shares of the company’s stock valued at $75,598,000 after buying an additional 23,483 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of Fidelity Enhanced Mid Cap ETF by 15.6% during the second quarter. NewEdge Advisors LLC now owns 98,480 shares of the company’s stock worth $3,996,000 after acquiring an additional 13,275 shares in the last quarter. Baird Financial Group Inc. increased its position in shares of Fidelity Enhanced Mid Cap ETF by 6.7% during the second quarter. Baird Financial Group Inc. now owns 387,191 shares of the company’s stock worth $15,712,000 after acquiring an additional 24,378 shares in the last quarter. Citadel Advisors LLC acquired a new stake in shares of Fidelity Enhanced Mid Cap ETF during the second quarter worth $118,748,000. Finally, Serenity Investment Advisors raised its holdings in shares of Fidelity Enhanced Mid Cap ETF by 7.7% during the second quarter. Serenity Investment Advisors now owns 307,968 shares of the company’s stock worth $12,962,000 after acquiring an additional 21,912 shares during the period.

Fidelity Enhanced Mid Cap ETF Company Profile

(Get Free Report)

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.

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