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First Merchants FRME

US equityMarket cap rank #2624
$39.77 −$0.38 (-0.95%)
Pre-market · Oct 6, 7:40 am ET · After hours $39.77 0.00%
Open$40.15
Prev close$40.15
Day range$39.67 – $40.25
Volume478.4K
Market cap$2.50B
P/E (TTM)12.8
Dividend yield3.65%

Ownership & positioning

Who holds it, who is betting against it, and where the big money is moving

Institutional ownership75.3%-0.70 pts vs. prior quarter
Institutions holding350-1 vs. prior quarter
Insider trades (recent)39 buys / 10 sellsNet buying
Short interest3.77% of floatDays to cover 5.9 · as of 15 Sep 2026
Short-sale volume share20.2%5-day average of daily volume

Short-sale volume as % of daily volume

14%18%23%27%Sep '26Sep '26Oct '26

Large-order net flow, last 20 sessions

Net of large-order buying minus selling, in USD. Over this window: −$6.31M (4 inflow days, 16 outflow days).

The five largest holders on file together own 28.8% of shares outstanding.

Largest holders

  • BlackRock8.48%
  • Dimensional Fund Advisors5.88%
  • Vanguard Portfolio Management, LLC5.42%
  • Vanguard Capital Management, LLC4.99%
  • State Street Global Advisors4.06%
  • EARNEST Partners, LLC3.46%
  • Geode Capital Management, LLC2.66%
  • Victory Capital Management Inc.1.66%

By investor type

  • Mutual Fund62.82%
  • Hedge Fund6.55%
  • Public Company2.14%
  • Individual/Insider1.97%
  • Private Company1.60%
  • Government Pension Fund1.35%
  • Insurance Company0.58%
  • Family Office/Trust0.29%

Reported short interest has risen from 2.46% to 3.77% of float over the last 6 biweekly reports (30 Jun 2026 to 15 Sep 2026).

Short interest, by report

Report dateShares short% of floatDays to cover
15 Sep 2026 2,369,830 3.8% 5.9
31 Aug 2026 1,854,283 3.0% 6.0
14 Aug 2026 1,827,825 2.9% 4.9
31 Jul 2026 1,869,073 3.0% 3.6
15 Jul 2026 1,619,175 2.6% 3.9
30 Jun 2026 1,551,120 2.5% 2.7

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