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

Fidelity Enhanced Emerging Markets ETF (NYSEARCA:FEMR) was the recipient of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 7,764 shares, a decrease of 87.3% from the May 31st total of 61,029 shares. Based on an average daily trading volume, of 45,593 shares, the short-interest ratio is currently 0.2 days. Approximately 0.3% of the company’s stock are short sold.

Fidelity Enhanced Emerging Markets ETF Price Performance

FEMR traded down $0.46 during midday trading on Friday, hitting $41.71. 82,248 shares of the company’s stock traded hands, compared to its average volume of 42,927. The company has a market cap of $125.13 million, a PE ratio of 13.14 and a beta of 1.01. The stock’s fifty day simple moving average is $40.93 and its 200-day simple moving average is $36.96. Fidelity Enhanced Emerging Markets ETF has a one year low of $27.92 and a one year high of $44.41.

Institutional Investors Weigh In On Fidelity Enhanced Emerging Markets ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. MFA Wealth Services boosted its holdings in Fidelity Enhanced Emerging Markets ETF by 2.5% in the fourth quarter. MFA Wealth Services now owns 36,272 shares of the company’s stock worth $1,180,000 after purchasing an additional 892 shares in the last quarter. SK Wealth Management LLC boosted its stake in shares of Fidelity Enhanced Emerging Markets ETF by 5.0% during the 1st quarter. SK Wealth Management LLC now owns 203,101 shares of the company’s stock worth $7,068,000 after acquiring an additional 9,615 shares in the last quarter. InTrack Investment Management Inc increased its holdings in shares of Fidelity Enhanced Emerging Markets ETF by 40.6% during the 4th quarter. InTrack Investment Management Inc now owns 56,953 shares of the company’s stock valued at $1,853,000 after acquiring an additional 16,446 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Fidelity Enhanced Emerging Markets ETF during the 2nd quarter valued at about $469,000. Finally, Founders Financial Securities LLC bought a new position in shares of Fidelity Enhanced Emerging Markets ETF in the 1st quarter valued at approximately $969,000.

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.