Fidelity Enhanced International ETF (NYSEARCA:FENI) Sees Significant Increase in Short Interest

Fidelity Enhanced International ETF (NYSEARCA:FENI) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totaling 635,915 shares, a growth of 325.0% from the June 30th total of 149,621 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 1,631,279 shares, the days-to-cover ratio is currently 0.4 days.

Fidelity Enhanced International ETF Stock Performance

FENI stock traded up $0.01 on Monday, hitting $39.85. 494,539 shares of the company’s stock were exchanged, compared to its average volume of 1,760,040. The firm has a 50 day moving average price of $40.03 and a two-hundred day moving average price of $39.19. Fidelity Enhanced International ETF has a 12-month low of $32.44 and a 12-month high of $41.16. The stock has a market cap of $10.58 billion, a P/E ratio of 14.82 and a beta of 0.55.

Hedge Funds Weigh In On Fidelity Enhanced International ETF

Hedge funds have recently modified their holdings of the stock. D.A. Davidson & CO. increased its position in shares of Fidelity Enhanced International ETF by 10.3% in the 4th quarter. D.A. Davidson & CO. now owns 211,465 shares of the company’s stock valued at $7,735,000 after acquiring an additional 19,799 shares during the period. KFG Wealth Management LLC increased its holdings in shares of Fidelity Enhanced International ETF by 8.2% in the fourth quarter. KFG Wealth Management LLC now owns 1,260,747 shares of the company’s stock valued at $46,118,000 after purchasing an additional 95,825 shares during the period. KFA Private Wealth Group LLC purchased a new position in shares of Fidelity Enhanced International ETF in the first quarter worth about $2,373,000. UBS Group AG lifted its holdings in shares of Fidelity Enhanced International ETF by 425.2% during the fourth quarter. UBS Group AG now owns 817,831 shares of the company’s stock worth $29,916,000 after purchasing an additional 662,121 shares during the period. Finally, Mayfair Advisory Group LLC lifted its holdings in shares of Fidelity Enhanced International ETF by 92.9% during the fourth quarter. Mayfair Advisory Group LLC now owns 188,187 shares of the company’s stock worth $6,970,000 after purchasing an additional 90,615 shares during the period.

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.