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

Fidelity Enhanced Mid Cap ETF (NYSEARCA:FMDE) saw a significant decline in short interest in 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. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 686,341 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Fidelity Enhanced Mid Cap ETF

Several institutional investors have recently bought and sold shares of FMDE. Royal Bank of Canada lifted its holdings in shares of Fidelity Enhanced Mid Cap ETF by 777.6% during the first quarter. Royal Bank of Canada now owns 59,442 shares of the company’s stock valued at $1,863,000 after acquiring an additional 52,669 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Fidelity Enhanced Mid Cap ETF by 12,968.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,544,393 shares of the company’s stock worth $79,741,000 after purchasing an additional 2,524,924 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Fidelity Enhanced Mid Cap ETF by 5.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 231,266 shares of the company’s stock worth $7,959,000 after purchasing an additional 12,728 shares during the last quarter. Main Street Financial Solutions LLC acquired a new stake in shares of Fidelity Enhanced Mid Cap ETF during the 2nd quarter worth about $205,000. Finally, Betterment LLC acquired a new stake in shares of Fidelity Enhanced Mid Cap ETF during the 2nd quarter worth about $387,000.

Fidelity Enhanced Mid Cap ETF Stock Performance

Shares of FMDE stock traded up $0.42 during trading hours on Friday, hitting $41.45. The company had a trading volume of 908,089 shares, compared to its average volume of 930,109. Fidelity Enhanced Mid Cap ETF has a 12 month low of $34.33 and a 12 month high of $42.97. The firm has a market capitalization of $7.84 billion, a price-to-earnings ratio of 20.20 and a beta of 0.91. The firm’s fifty day moving average is $41.52 and its 200 day moving average is $39.40.

Fidelity Enhanced Mid Cap ETF Company Profile

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.