Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) Stock Short Interest Rises 211.3%

Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 370,197 shares, a growth of 211.3% from the September 15th total of 118,905 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 959,774 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Wealthcare Advisory Partners LLC raised its holdings in Fidelity Enhanced Mid Cap ETF by 0.5% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 55,911 shares of the company’s stock worth $2,269,000 after purchasing an additional 285 shares during the period. Cornerstone Planning Group LLC grew its holdings in Fidelity Enhanced Mid Cap ETF by 70.1% in the first quarter. Cornerstone Planning Group LLC now owns 1,102 shares of the company’s stock valued at $43,000 after purchasing an additional 454 shares during the period. Herbst Group LLC grew its holdings in Fidelity Enhanced Mid Cap ETF by 6.7% in the second quarter. Herbst Group LLC now owns 8,000 shares of the company’s stock valued at $325,000 after purchasing an additional 500 shares during the period. Evergreen Private Wealth LLC grew its holdings in Fidelity Enhanced Mid Cap ETF by 2.0% in the first quarter. Evergreen Private Wealth LLC now owns 29,558 shares of the company’s stock valued at $1,063,000 after purchasing an additional 572 shares during the period. Finally, Nwam LLC increased its position in shares of Fidelity Enhanced Mid Cap ETF by 3.1% in the first quarter. Nwam LLC now owns 22,197 shares of the company’s stock valued at $798,000 after buying an additional 672 shares in the last quarter.

Fidelity Enhanced Mid Cap ETF Stock Performance

Shares of FMDE stock opened at $41.42 on Wednesday. The business’s 50 day moving average price is $41.64 and its 200-day moving average price is $40.07. The firm has a market cap of $8.35 billion, a P/E ratio of 20.20 and a beta of 0.93. Fidelity Enhanced Mid Cap ETF has a fifty-two week low of $34.33 and a fifty-two week high of $42.97.

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.