Short Interest in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) Decreases By 32.9%

Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) was the recipient of a large decline in short interest in April. As of April 15th, there was short interest totaling 22,764 shares, a decline of 32.9% from the March 31st total of 33,937 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 124,276 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On Fidelity Small-Mid Multifactor ETF

Several hedge funds have recently modified their holdings of FSMD. Kestra Investment Management LLC acquired a new position in shares of Fidelity Small-Mid Multifactor ETF during the 4th quarter valued at $55,484,000. Commonwealth Equity Services LLC increased its position in shares of Fidelity Small-Mid Multifactor ETF by 18.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 3,052,013 shares of the company’s stock valued at $134,685,000 after purchasing an additional 480,484 shares during the period. Goldstone Financial Group LLC acquired a new position in shares of Fidelity Small-Mid Multifactor ETF during the 3rd quarter valued at $13,953,000. GEN Financial Management INC. acquired a new position in shares of Fidelity Small-Mid Multifactor ETF during the 4th quarter valued at $13,180,000. Finally, Bank of America Corp DE increased its position in shares of Fidelity Small-Mid Multifactor ETF by 30.6% during the 2nd quarter. Bank of America Corp DE now owns 1,116,813 shares of the company’s stock valued at $46,314,000 after purchasing an additional 261,808 shares during the period.

Fidelity Small-Mid Multifactor ETF Stock Performance

Shares of FSMD stock traded up $0.92 during mid-day trading on Thursday, hitting $48.87. 116,799 shares of the stock traded hands, compared to its average volume of 149,384. Fidelity Small-Mid Multifactor ETF has a twelve month low of $38.08 and a twelve month high of $49.21. The firm has a market cap of $2.36 billion, a price-to-earnings ratio of 16.74 and a beta of 0.94. The company’s 50-day simple moving average is $46.34 and its 200-day simple moving average is $45.31.

About Fidelity Small-Mid Multifactor ETF

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.