Short Interest in Fidelity Enhanced Emerging Markets ETF (NYSEARCA:FEMR) Increases By 101.4%

Fidelity Enhanced Emerging Markets ETF (NYSEARCA:FEMR) was the recipient of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 14,678 shares, an increase of 101.4% from the June 30th total of 7,288 shares. Based on an average daily trading volume, of 62,540 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.3% of the company’s shares are short sold.

Fidelity Enhanced Emerging Markets ETF Stock Performance

Shares of FEMR stock traded up $1.43 during trading hours on Thursday, hitting $38.89. 24,292 shares of the company were exchanged, compared to its average volume of 43,876. The company has a 50 day simple moving average of $41.25 and a two-hundred day simple moving average of $38.30. The firm has a market cap of $163.34 million, a P/E ratio of 13.14 and a beta of 1.01. Fidelity Enhanced Emerging Markets ETF has a fifty-two week low of $27.92 and a fifty-two week high of $44.41.

Hedge Funds Weigh In On Fidelity Enhanced Emerging Markets ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. FWG Holdings LLC acquired a new position in Fidelity Enhanced Emerging Markets ETF during the 4th quarter worth approximately $2,657,000. EverSource Wealth Advisors LLC bought a new position in shares of Fidelity Enhanced Emerging Markets ETF in the 4th quarter worth $1,681,000. SK Wealth Management LLC grew its position in Fidelity Enhanced Emerging Markets ETF by 74.4% in the 4th quarter. SK Wealth Management LLC now owns 193,486 shares of the company’s stock valued at $6,296,000 after purchasing an additional 82,548 shares during the period. Founders Financial Securities LLC bought a new stake in Fidelity Enhanced Emerging Markets ETF during the 1st quarter valued at $969,000. Finally, Jane Street Group LLC acquired a new position in Fidelity Enhanced Emerging Markets ETF during the second quarter worth $469,000.

Fidelity Enhanced Emerging Markets ETF Company Profile

The Fidelity Enhanced Emerging Markets ETF (FEMR) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, investing in equity securities of issuers in emerging markets. The fund aims for growth of capital FEMR was launched on Nov 19, 2024 and is issued by Fidelity.