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

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

Fidelity Enhanced International ETF Trading Up 1.0%

Shares of FENI stock traded up $0.39 during trading hours on Friday, hitting $40.96. The company’s stock had a trading volume of 1,090,883 shares, compared to its average volume of 1,638,884. The company has a 50 day moving average of $40.91 and a 200 day moving average of $39.78. The stock has a market cap of $11.02 billion, a PE ratio of 14.82 and a beta of 0.54. Fidelity Enhanced International ETF has a 12-month low of $34.36 and a 12-month high of $42.08.

Institutional Investors Weigh In On Fidelity Enhanced International ETF

Several hedge funds have recently added to or reduced their stakes in the business. KFA Private Wealth Group LLC purchased a new stake in shares of Fidelity Enhanced International ETF in the first quarter worth about $2,373,000. Vicus Capital raised its position in Fidelity Enhanced International ETF by 78.5% during the first quarter. Vicus Capital now owns 192,746 shares of the company’s stock valued at $7,170,000 after acquiring an additional 84,783 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in Fidelity Enhanced International ETF by 9.8% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 617,148 shares of the company’s stock valued at $22,575,000 after acquiring an additional 54,963 shares during the period. Citadel Advisors LLC acquired a new position in Fidelity Enhanced International ETF in the second quarter valued at approximately $1,527,000. Finally, M Holdings Securities Inc. acquired a new position in Fidelity Enhanced International ETF in the fourth quarter valued at approximately $2,766,000.

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.