Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) Short Interest Update
by Jessica Moore · The Cerbat GemFidelity Enhanced Small Cap ETF (NYSEARCA:FESM – Get Free Report) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 712,772 shares, a growth of 185.0% from the April 30th total of 250,058 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily volume of 575,572 shares, the days-to-cover ratio is currently 1.2 days.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. Harbor Asset Planning Inc. increased its holdings in shares of Fidelity Enhanced Small Cap ETF by 18.1% in the fourth quarter. Harbor Asset Planning Inc. now owns 1,954 shares of the company’s stock worth $74,000 after buying an additional 299 shares during the period. Cornerstone Planning Group LLC boosted its stake in shares of Fidelity Enhanced Small Cap ETF by 69.7% during the third quarter. Cornerstone Planning Group LLC now owns 750 shares of the company’s stock valued at $28,000 after purchasing an additional 308 shares during the period. KWB Wealth boosted its stake in shares of Fidelity Enhanced Small Cap ETF by 3.9% during the fourth quarter. KWB Wealth now owns 9,984 shares of the company’s stock valued at $377,000 after purchasing an additional 371 shares during the period. Valmark Advisers Inc. boosted its stake in shares of Fidelity Enhanced Small Cap ETF by 1.6% during the fourth quarter. Valmark Advisers Inc. now owns 29,792 shares of the company’s stock valued at $1,126,000 after purchasing an additional 476 shares during the period. Finally, Balance Wealth LLC boosted its stake in shares of Fidelity Enhanced Small Cap ETF by 1.8% during the fourth quarter. Balance Wealth LLC now owns 27,965 shares of the company’s stock valued at $1,057,000 after purchasing an additional 498 shares during the period.
Fidelity Enhanced Small Cap ETF Stock Down 0.6%
Shares of NYSEARCA FESM traded down $0.26 during trading hours on Friday, reaching $45.56. 435,064 shares of the stock traded hands, compared to its average volume of 678,913. The company’s 50-day simple moving average is $41.80 and its two-hundred day simple moving average is $39.88. The company has a market capitalization of $5.13 billion, a P/E ratio of 16.78 and a beta of 1.37. Fidelity Enhanced Small Cap ETF has a 52-week low of $29.95 and a 52-week high of $45.94.
About Fidelity Enhanced Small Cap ETF
The Fidelity Enhanced Small Cap ETF (FESM) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is an actively managed fund that invests in US, small-cap companies. Stock selection is based on computer-aided analysis, which chooses stocks belonging to the Russel 2000 Index. FESM was launched on Dec 20, 2007 and is issued by Fidelity.