Fidelity Enhanced International ETF (NYSEARCA:FENI) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Fidelity Enhanced International ETF (NYSEARCA:FENI) saw an uptick in trading volume on Thursday . 848,248 shares were traded during trading, an increase of 337% from the previous session’s volume of 194,244 shares.The stock last traded at $29.28 and had previously closed at $29.93.

Fidelity Enhanced International ETF Stock Performance

The company has a market cap of $1.98 billion, a P/E ratio of 15.46 and a beta of 0.68. The firm’s 50-day simple moving average is $29.87 and its 200 day simple moving average is $29.06.

Institutional Trading of Fidelity Enhanced International ETF

A number of hedge funds have recently modified their holdings of the company. HighTower Advisors LLC increased its stake in Fidelity Enhanced International ETF by 33.1% during the 3rd quarter. HighTower Advisors LLC now owns 22,808 shares of the company’s stock worth $691,000 after purchasing an additional 5,674 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Fidelity Enhanced International ETF during the third quarter worth $16,935,000. MML Investors Services LLC lifted its position in Fidelity Enhanced International ETF by 2.7% in the 3rd quarter. MML Investors Services LLC now owns 34,512 shares of the company’s stock valued at $1,045,000 after acquiring an additional 896 shares in the last quarter. Fragasso Financial Advisors Inc boosted its stake in Fidelity Enhanced International ETF by 9.5% in the 4th quarter. Fragasso Financial Advisors Inc now owns 1,557,641 shares of the company’s stock worth $42,882,000 after purchasing an additional 135,679 shares during the period. Finally, Pallas Capital Advisors LLC bought a new position in Fidelity Enhanced International ETF during the 4th quarter worth about $14,646,000.

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.