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

Fidelity Enhanced International ETF (NYSEARCA:FENI) was the recipient of a large decline in short interest in May. As of May 29th, there was short interest totaling 248,588 shares, a decline of 75.3% from the May 14th total of 1,005,902 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 1,223,541 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On Fidelity Enhanced International ETF

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

Fidelity Enhanced International ETF Stock Performance

NYSEARCA FENI opened at $39.48 on Wednesday. The stock has a market capitalization of $9.16 billion, a price-to-earnings ratio of 14.82 and a beta of 0.55. The stock’s 50 day moving average price is $39.31 and its two-hundred day moving average price is $38.30. Fidelity Enhanced International ETF has a 52 week low of $31.80 and a 52 week high of $40.90.

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. FENI was launched on Dec 20, 2007 and is issued by Fidelity.