Short Interest in Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) Grows By 39.4%

Fidelity Small-Mid Multifactor ETF (NYSEARCA:FSMD) saw a large growth in short interest in March. As of March 31st, there was short interest totaling 33,937 shares, a growth of 39.4% from the March 15th total of 24,340 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 159,712 shares, the short-interest ratio is currently 0.2 days.

Fidelity Small-Mid Multifactor ETF Stock Performance

Shares of NYSEARCA FSMD opened at $47.71 on Friday. The firm has a market capitalization of $2.30 billion, a P/E ratio of 16.74 and a beta of 0.94. Fidelity Small-Mid Multifactor ETF has a one year low of $35.73 and a one year high of $48.07. The company’s fifty day moving average is $46.06 and its two-hundred day moving average is $44.97.

Institutional Investors Weigh In On Fidelity Small-Mid Multifactor ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Retirement Planning Group LLC boosted its position in shares of Fidelity Small-Mid Multifactor ETF by 5.7% in the 4th quarter. Retirement Planning Group LLC now owns 4,020,613 shares of the company’s stock worth $177,430,000 after buying an additional 216,879 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in shares of Fidelity Small-Mid Multifactor ETF by 18.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 3,052,013 shares of the company’s stock worth $134,685,000 after buying an additional 480,484 shares in the last quarter. Kestra Investment Management LLC purchased a new stake in shares of Fidelity Small-Mid Multifactor ETF in the 4th quarter worth about $55,484,000. Bank of America Corp DE boosted its position in shares of Fidelity Small-Mid Multifactor ETF by 10.7% in the 3rd quarter. Bank of America Corp DE now owns 1,236,233 shares of the company’s stock worth $54,407,000 after buying an additional 119,420 shares in the last quarter. Finally, LPL Financial LLC boosted its position in shares of Fidelity Small-Mid Multifactor ETF by 8.6% in the 4th quarter. LPL Financial LLC now owns 1,099,883 shares of the company’s stock worth $48,538,000 after buying an additional 86,762 shares in the last quarter.

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.