Fidelity Enhanced International ETF (NYSEARCA:FENI) Sees Large Drop in Short Interest

by · The Markets Daily

Fidelity Enhanced International ETF (NYSEARCA:FENI – Get Free Report) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totaling 241,623 shares, a decrease of 68.8% from the August 15th total of 773,702 shares. Based on an average daily volume of 1,005,960 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On Fidelity Enhanced International ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FENI. Your Advocates Ltd. LLP purchased a new stake in Fidelity Enhanced International ETF during the 1st quarter valued at about $31,000. GHP Investment Advisors Inc. acquired a new stake in shares of Fidelity Enhanced International ETF during the first quarter worth about $33,000. Decker Retirement Planning Inc. acquired a new stake in shares of Fidelity Enhanced International ETF during the first quarter worth about $39,000. Archer Investment Corp boosted its position in Fidelity Enhanced International ETF by 244.5% in the first quarter. Archer Investment Corp now owns 1,106 shares of the company’s stock valued at $41,000 after buying an additional 785 shares during the last quarter. Finally, Meramec Financial Planners LLC purchased a new stake in Fidelity Enhanced International ETF in the first quarter valued at approximately $52,000.

Fidelity Enhanced International ETF Trading Up 1.0%

Shares of NYSEARCA:FENI traded up $0.39 on Friday, hitting $40.96. 1,090,883 shares of the company were exchanged, compared to its average volume of 1,638,884. Fidelity Enhanced International ETF has a 1-year low of $34.36 and a 1-year high of $42.08. The stock’s 50 day moving average price is $40.91 and its 200 day moving average price is $39.78. The firm has a market capitalization of $11.02 billion, a P/E ratio of 14.82 and a beta of 0.54.

About Fidelity Enhanced International ETF

(Get Free Report)

The Fidelity Enhanced International ETF (FENI) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests in companies of any capitalization in developed markets, excluding the US and Canada. Stock selection is based on computer-aided analysis, which chooses stocks belonging to the MSCI EAFE Index. FENI was launched on Dec 20, 2007 and is issued by Fidelity.

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