Fidelity Enhanced Emerging Markets ETF (NYSEARCA:FEMR) Short Interest Down 93.8% in February

Fidelity Enhanced Emerging Markets ETF (NYSEARCA:FEMR) saw a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 9,287 shares, a decline of 93.8% from the January 29th total of 150,640 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily volume of 48,108 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 48,108 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.4% of the shares of the company are short sold.

Hedge Funds Weigh In On Fidelity Enhanced Emerging Markets ETF

Several hedge funds have recently bought and sold shares of FEMR. Commonwealth Equity Services LLC lifted its stake in Fidelity Enhanced Emerging Markets ETF by 480.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 678,912 shares of the company’s stock worth $21,083,000 after purchasing an additional 562,037 shares in the last quarter. SK Wealth Management LLC grew its position in shares of Fidelity Enhanced Emerging Markets ETF by 74.4% during the 4th quarter. SK Wealth Management LLC now owns 193,486 shares of the company’s stock valued at $6,296,000 after purchasing an additional 82,548 shares in the last quarter. FWG Holdings LLC bought a new position in shares of Fidelity Enhanced Emerging Markets ETF in the fourth quarter worth $2,657,000. EverSource Wealth Advisors LLC purchased a new stake in shares of Fidelity Enhanced Emerging Markets ETF in the fourth quarter worth $1,681,000. Finally, MFA Wealth Services purchased a new stake in shares of Fidelity Enhanced Emerging Markets ETF in the third quarter worth $1,099,000.

Fidelity Enhanced Emerging Markets ETF Stock Performance

NYSEARCA FEMR traded up $0.36 during trading hours on Wednesday, hitting $38.44. The company had a trading volume of 32,744 shares, compared to its average volume of 43,966. The firm has a market capitalization of $84.57 million, a price-to-earnings ratio of 13.14 and a beta of 1.57. Fidelity Enhanced Emerging Markets ETF has a 52 week low of $22.11 and a 52 week high of $38.47. The firm has a 50 day simple moving average of $35.01 and a 200 day simple moving average of $32.36.

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.