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

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

Institutional Investors Weigh In On Fidelity Enhanced International ETF

A number of hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC increased its holdings in Fidelity Enhanced International ETF by 45.4% in the first quarter. NewEdge Advisors LLC now owns 142,865 shares of the company’s stock worth $5,315,000 after purchasing an additional 44,590 shares in the last quarter. Cozad Asset Management Inc. increased its holdings in Fidelity Enhanced International ETF by 15.6% in the first quarter. Cozad Asset Management Inc. now owns 106,821 shares of the company’s stock worth $3,974,000 after purchasing an additional 14,396 shares in the last quarter. Cadia Private Client LLC bought a new stake in Fidelity Enhanced International ETF in the first quarter worth approximately $457,000. Leigh Baldwin & CO. LLC increased its holdings in shares of Fidelity Enhanced International ETF by 10.8% during the first quarter. Leigh Baldwin & CO. LLC now owns 77,648 shares of the company’s stock valued at $2,888,000 after acquiring an additional 7,572 shares in the last quarter. Finally, FinArc Investments Inc. bought a new stake in shares of Fidelity Enhanced International ETF during the first quarter valued at approximately $6,067,000.

Fidelity Enhanced International ETF Stock Performance

Shares of FENI stock opened at $39.48 on Wednesday. The company has a market cap of $9.16 billion, a P/E ratio of 14.82 and a beta of 0.55. The stock has a 50 day simple moving average of $39.31 and a two-hundred day simple moving average of $38.30. Fidelity Enhanced International ETF has a fifty-two week low of $31.80 and a fifty-two week high of $40.90.

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.