Fidelity Enhanced Emerging Markets ETF (NYSEARCA:FEMR) Sees Large Increase in Short Interest

Fidelity Enhanced Emerging Markets ETF (NYSEARCA:FEMR) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 14,678 shares, a growth of 101.4% from the June 30th total of 7,288 shares. Based on an average daily volume of 62,540 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.3% of the shares of the stock are sold short.

Fidelity Enhanced Emerging Markets ETF Stock Up 0.8%

Shares of FEMR stock traded up $0.33 on Friday, reaching $39.22. The company’s stock had a trading volume of 11,639 shares, compared to its average volume of 43,642. The company has a market capitalization of $164.72 million, a P/E ratio of 13.14 and a beta of 1.01. The stock’s 50 day simple moving average is $41.25 and its 200-day simple moving average is $38.30. Fidelity Enhanced Emerging Markets ETF has a 12-month low of $27.92 and a 12-month high of $44.41.

Hedge Funds Weigh In On Fidelity Enhanced Emerging Markets ETF

A number of hedge funds and other institutional investors have recently modified their holdings of FEMR. Jane Street Group LLC bought a new position in Fidelity Enhanced Emerging Markets ETF during the second quarter valued at approximately $469,000. MFA Wealth Services lifted its holdings in Fidelity Enhanced Emerging Markets ETF by 2.5% in the 4th quarter. MFA Wealth Services now owns 36,272 shares of the company’s stock worth $1,180,000 after buying an additional 892 shares during the period. SK Wealth Management LLC lifted its stake in Fidelity Enhanced Emerging Markets ETF by 74.4% in the fourth quarter. SK Wealth Management LLC now owns 193,486 shares of the company’s stock worth $6,296,000 after acquiring an additional 82,548 shares during the period. FWG Holdings LLC bought a new stake in shares of Fidelity Enhanced Emerging Markets ETF during the 4th quarter valued at about $2,657,000. Finally, EverSource Wealth Advisors LLC bought a new stake in Fidelity Enhanced Emerging Markets ETF during the 4th quarter valued at approximately $1,681,000.

About Fidelity Enhanced Emerging Markets ETF

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.