Fidelity Enhanced International ETF (NYSEARCA:FENI) Sees Unusually-High Trading Volume – Time to Buy?

Fidelity Enhanced International ETF (NYSEARCA:FENI) saw strong trading volume on Thursday . 545,528 shares changed hands during mid-day trading, an increase of 143% from the previous session’s volume of 224,790 shares.The stock last traded at $29.55 and had previously closed at $29.17.

Fidelity Enhanced International ETF Price Performance

The firm’s 50 day moving average price is $29.70 and its two-hundred day moving average price is $28.94. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 14.10 and a beta of 0.68.

Institutional Trading of Fidelity Enhanced International ETF

Hedge funds have recently modified their holdings of the business. Pinney & Scofield Inc. purchased a new stake in shares of Fidelity Enhanced International ETF during the 4th quarter worth approximately $28,000. Atmos Advisory LLC acquired a new stake in Fidelity Enhanced International ETF in the 4th quarter valued at about $30,000. Heck Capital Advisors LLC purchased a new stake in shares of Fidelity Enhanced International ETF in the fourth quarter worth about $35,000. Harbour Investments Inc. grew its stake in shares of Fidelity Enhanced International ETF by 55.1% in the fourth quarter. Harbour Investments Inc. now owns 2,414 shares of the company’s stock valued at $66,000 after buying an additional 858 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of Fidelity Enhanced International ETF by 65.1% during the 4th quarter. Wells Fargo & Company MN now owns 3,623 shares of the company’s stock valued at $100,000 after buying an additional 1,429 shares during the period.

About Fidelity Enhanced International ETF

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.