Fidelity Enhanced Emerging Markets ETF (NYSEARCA:FEMR) Short Interest Down 30.3% in March

Fidelity Enhanced Emerging Markets ETF (NYSEARCA:FEMR) saw a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 6,273 shares, a decrease of 30.3% from the February 26th total of 8,998 shares. Based on an average daily trading volume, of 69,795 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.3% of the company’s shares are short sold.

Fidelity Enhanced Emerging Markets ETF Trading Down 0.5%

FEMR stock traded down $0.16 during midday trading on Friday, hitting $33.19. The stock had a trading volume of 22,339 shares, compared to its average volume of 44,411. The firm has a market cap of $73.02 million, a P/E ratio of 13.14 and a beta of 1.57. Fidelity Enhanced Emerging Markets ETF has a 1-year low of $22.11 and a 1-year high of $38.54. The business has a fifty day moving average price of $35.88 and a two-hundred day moving average price of $33.28.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Commonwealth Equity Services LLC boosted its position in shares of Fidelity Enhanced Emerging Markets ETF by 480.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 678,912 shares of the company’s stock valued at $21,083,000 after purchasing an additional 562,037 shares in the last quarter. InTrack Investment Management Inc grew its stake in Fidelity Enhanced Emerging Markets ETF by 63.0% during the third quarter. InTrack Investment Management Inc now owns 40,507 shares of the company’s stock worth $1,258,000 after purchasing an additional 15,652 shares during the period. Canvas Wealth Advisors LLC increased its holdings in Fidelity Enhanced Emerging Markets ETF by 176.3% in the third quarter. Canvas Wealth Advisors LLC now owns 29,816 shares of the company’s stock worth $941,000 after purchasing an additional 19,023 shares in the last quarter. SK Wealth Management LLC increased its holdings in Fidelity Enhanced Emerging Markets ETF by 173.2% in the third quarter. SK Wealth Management LLC now owns 110,938 shares of the company’s stock worth $3,483,000 after purchasing an additional 70,331 shares in the last quarter. Finally, MFA Wealth Services acquired a new position in Fidelity Enhanced Emerging Markets ETF in the third quarter valued at approximately $1,099,000.

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.