Fidelity Enhanced International ETF (NYSEARCA:FENI) Sees Significant Increase in Short Interest

Fidelity Enhanced International ETF (NYSEARCA:FENI) was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 1,005,902 shares, a growth of 182.2% from the April 30th total of 356,442 shares. Based on an average daily trading volume, of 1,499,198 shares, the short-interest ratio is presently 0.7 days. Approximately 0.4% of the company’s stock are short sold.

Hedge Funds Weigh In On Fidelity Enhanced International ETF

Large investors have recently made changes to their positions in the business. Your Advocates Ltd. LLP purchased a new position in shares of Fidelity Enhanced International ETF during the first quarter valued at approximately $31,000. GHP Investment Advisors Inc. purchased a new position in shares of Fidelity Enhanced International ETF during the first quarter valued at approximately $33,000. Decker Retirement Planning Inc. purchased a new position in shares of Fidelity Enhanced International ETF during the first quarter valued at approximately $39,000. Archer Investment Corp lifted its holdings in shares of Fidelity Enhanced International ETF by 244.5% during the first quarter. Archer Investment Corp now owns 1,106 shares of the company’s stock valued at $41,000 after purchasing an additional 785 shares during the last quarter. Finally, Meramec Financial Planners LLC purchased a new position in shares of Fidelity Enhanced International ETF during the first quarter valued at approximately $52,000.

Fidelity Enhanced International ETF Stock Up 0.3%

Shares of FENI stock traded up $0.12 during trading hours on Friday, hitting $40.34. 1,326,126 shares of the company’s stock traded hands, compared to its average volume of 1,839,988. The stock’s fifty day simple moving average is $38.85 and its two-hundred day simple moving average is $38.07. Fidelity Enhanced International ETF has a 12-month low of $31.80 and a 12-month high of $40.90. The stock has a market cap of $9.36 billion, a price-to-earnings ratio of 14.82 and a beta of 0.56.

Fidelity Enhanced International ETF Company Profile

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.