Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM) Short Interest Up 72.9% in May

Fidelity Fundamental Small-Mid Cap ETF (BATS:FFSM) was the recipient of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 195,138 shares, a growth of 72.9% from the May 14th total of 112,841 shares. Currently, 0.8% of the company’s stock are sold short. Based on an average trading volume of 115,737 shares, the days-to-cover ratio is presently 1.7 days.

Fidelity Fundamental Small-Mid Cap ETF Price Performance

FFSM opened at $37.14 on Monday. The company has a market capitalization of $947.07 million, a price-to-earnings ratio of 16.79 and a beta of 1.09. The firm’s fifty day moving average price is $35.27 and its two-hundred day moving average price is $33.30. Fidelity Fundamental Small-Mid Cap ETF has a 1 year low of $26.10 and a 1 year high of $37.25.

Institutional Trading of Fidelity Fundamental Small-Mid Cap ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Fidelity Fundamental Small-Mid Cap ETF during the fourth quarter valued at approximately $513,000. Pines Wealth Management LLC purchased a new stake in shares of Fidelity Fundamental Small-Mid Cap ETF during the fourth quarter valued at approximately $604,000. Retirement Planning Group LLC increased its position in shares of Fidelity Fundamental Small-Mid Cap ETF by 354.9% during the fourth quarter. Retirement Planning Group LLC now owns 51,833 shares of the company’s stock valued at $1,591,000 after acquiring an additional 40,439 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Fidelity Fundamental Small-Mid Cap ETF by 32.7% during the third quarter. JPMorgan Chase & Co. now owns 65,343 shares of the company’s stock valued at $1,909,000 after acquiring an additional 16,096 shares during the last quarter. Finally, MAI Capital Management purchased a new stake in shares of Fidelity Fundamental Small-Mid Cap ETF during the third quarter valued at approximately $8,734,000.

About Fidelity Fundamental Small-Mid Cap ETF

The Fidelity Fundamental Small-Mid Cap ETF (FFSM) is an exchange-traded fund that mostly invests in extended market equity. The fund is an actively managed, non-transparent ETF that invests in global stocks with small to medium capitalization. The fund utilizes the Fidelity non-transparent model. FFSM was launched on Feb 2, 2021 and is issued by Fidelity.