Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD – Get Free Report) was the recipient of a large decrease in short interest in October. As of October 30th, there was short interest totaling 13,729 shares, a decrease of 76.9% from the October 15th total of 59,352 shares. Based on an average trading volume of 285,441 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are sold short.
Hedge Funds Weigh In On Fidelity Small-Mid Multifactor ETF
A number of institutional investors have recently added to or reduced their stakes in the company. Private Advisor Group LLC purchased a new position in Fidelity Small-Mid Multifactor ETF during the third quarter valued at $2,189,000. Prasad Wealth Partners LLC increased its stake in shares of Fidelity Small-Mid Multifactor ETF by 1.1% in the 3rd quarter. Prasad Wealth Partners LLC now owns 200,221 shares of the company’s stock worth $9,845,000 after acquiring an additional 2,253 shares in the last quarter. HighTower Advisors LLC bought a new position in shares of Fidelity Small-Mid Multifactor ETF in the 3rd quarter worth about $463,000. Thoroughbred Financial Services LLC bought a new position in shares of Fidelity Small-Mid Multifactor ETF in the 3rd quarter worth about $675,000. Finally, Harbour Investments Inc. purchased a new position in Fidelity Small-Mid Multifactor ETF during the 3rd quarter valued at about $129,000.
Fidelity Small-Mid Multifactor ETF Stock Down 0.3%
FSMD opened at $50.50 on Thursday. The stock has a market cap of $2.49 billion, a PE ratio of 16.43 and a beta of 0.95. The business has a 50 day moving average of $50.10 and a 200-day moving average of $49.27. Fidelity Small-Mid Multifactor ETF has a 52 week low of $41.86 and a 52 week high of $53.48.
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.
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