Fidelity Enhanced US All-Cap Equity ETF (NYSEARCA:FEAC) Stock Short Interest Falls 93.6%

Fidelity Enhanced US All-Cap Equity ETF (NYSEARCA:FEAC) saw a large decline in short interest in October. As of October 30th, there was short interest totaling 284 shares, a decline of 93.6% from the October 15th total of 4,405 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,363 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On Fidelity Enhanced US All-Cap Equity ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pension & Wealth Management Advisors Inc. bought a new position in shares of Fidelity Enhanced US All-Cap Equity ETF in the 3rd quarter valued at $61,000. Commonwealth Equity Services LLC bought a new stake in shares of Fidelity Enhanced US All-Cap Equity ETF during the 3rd quarter worth $286,000. Finally, Concurrent Investment Advisors LLC bought a new stake in shares of Fidelity Enhanced US All-Cap Equity ETF during the 2nd quarter worth $22,257,000. 40.83% of the stock is currently owned by institutional investors.

Fidelity Enhanced US All-Cap Equity ETF Stock Performance

Shares of NYSEARCA FEAC traded down $0.16 during trading hours on Thursday, hitting $32.36. 729 shares of the stock were exchanged, compared to its average volume of 7,145. The company has a market cap of $16.99 million, a PE ratio of 21.74 and a beta of 1.01. The company’s fifty day simple moving average is $32.90 and its two-hundred day simple moving average is $31.46. Fidelity Enhanced US All-Cap Equity ETF has a 1-year low of $26.95 and a 1-year high of $34.05.

About Fidelity Enhanced US All-Cap Equity ETF

The Fidelity Enhanced U.S. All-Cap Equity ETF (FEAC) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, investing in US equity securities across all market capitalizations. The fund aims for capital growth