Short Interest in Fidelity Enhanced International ETF (NYSEARCA:FENI) Declines By 96.6%

Fidelity Enhanced International ETF (NYSEARCA:FENI) was the recipient of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 149,621 shares, a decrease of 96.6% from the June 15th total of 4,435,065 shares. Based on an average trading volume of 1,474,544 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On Fidelity Enhanced International ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Orrstown Financial Services Inc. increased its stake in Fidelity Enhanced International ETF by 1.3% during the 2nd quarter. Orrstown Financial Services Inc. now owns 1,534,642 shares of the company’s stock worth $61,585,000 after acquiring an additional 19,039 shares during the period. Warner Financial Inc. lifted its holdings in shares of Fidelity Enhanced International ETF by 10.4% in the second quarter. Warner Financial Inc. now owns 88,115 shares of the company’s stock worth $3,536,000 after acquiring an additional 8,292 shares during the last quarter. Centurion Wealth Management LLC acquired a new stake in Fidelity Enhanced International ETF in the second quarter valued at approximately $512,000. Focus Financial Network Inc. grew its holdings in shares of Fidelity Enhanced International ETF by 10.0% during the second quarter. Focus Financial Network Inc. now owns 29,781 shares of the company’s stock worth $1,195,000 after purchasing an additional 2,718 shares during the last quarter. Finally, Breakwater Capital Group grew its holdings in Fidelity Enhanced International ETF by 6.8% during the 2nd quarter. Breakwater Capital Group now owns 60,162 shares of the company’s stock worth $2,414,000 after acquiring an additional 3,848 shares during the last quarter.

Fidelity Enhanced International ETF Price Performance

FENI stock traded up $0.18 during mid-day trading on Friday, reaching $40.32. The company had a trading volume of 1,250,221 shares, compared to its average volume of 1,771,921. Fidelity Enhanced International ETF has a 52 week low of $32.44 and a 52 week high of $41.16. The company has a market capitalization of $10.41 billion, a price-to-earnings ratio of 14.82 and a beta of 0.55. The stock has a 50 day simple moving average of $39.96 and a two-hundred day simple moving average of $38.97.

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.