Fidelity Enhanced International ETF (NYSEARCA:FENI) Short Interest Update

Fidelity Enhanced International ETF (NYSEARCA:FENI) saw a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 461,053 shares, a growth of 52.2% from the February 12th total of 302,897 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily volume of 2,085,705 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 2,085,705 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.3% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Corient Private Wealth LLC raised its position in Fidelity Enhanced International ETF by 15.8% in the fourth quarter. Corient Private Wealth LLC now owns 19,015 shares of the company’s stock valued at $696,000 after purchasing an additional 2,590 shares during the period. S Harris Financial Group LLC purchased a new position in shares of Fidelity Enhanced International ETF during the 4th quarter worth $7,183,000. Clearwave Capital LLC acquired a new stake in shares of Fidelity Enhanced International ETF during the 4th quarter worth about $2,471,000. Arwa LLC acquired a new stake in shares of Fidelity Enhanced International ETF during the 4th quarter worth about $412,000. Finally, Anderson Financial Strategies LLC raised its holdings in Fidelity Enhanced International ETF by 0.4% in the 4th quarter. Anderson Financial Strategies LLC now owns 415,982 shares of the company’s stock valued at $15,217,000 after buying an additional 1,701 shares during the period.

Fidelity Enhanced International ETF Stock Down 1.2%

Shares of Fidelity Enhanced International ETF stock traded down $0.47 during mid-day trading on Friday, hitting $37.23. The stock had a trading volume of 1,563,117 shares, compared to its average volume of 2,228,274. The firm has a 50-day moving average of $38.91 and a two-hundred day moving average of $36.73. The firm has a market cap of $6.75 billion, a P/E ratio of 14.82 and a beta of 0.50. Fidelity Enhanced International ETF has a 12-month low of $26.21 and a 12-month high of $40.90.

About Fidelity Enhanced International ETF

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.