Fidelity Enhanced International ETF (NYSEARCA:FENI) Sees Large Decline in Short Interest

Fidelity Enhanced International ETF (NYSEARCA:FENI) was the recipient of a large drop in short interest during the month of February. As of February 13th, there was short interest totaling 302,897 shares, a drop of 91.4% from the January 29th total of 3,516,014 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 2,665,830 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 2,665,830 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FENI. Allworth Financial LP lifted its stake in shares of Fidelity Enhanced International ETF by 21.1% in the fourth quarter. Allworth Financial LP now owns 1,679 shares of the company’s stock valued at $61,000 after buying an additional 292 shares during the period. Nwam LLC lifted its position in shares of Fidelity Enhanced International ETF by 1.8% in the 2nd quarter. Nwam LLC now owns 19,478 shares of the company’s stock worth $643,000 after acquiring an additional 342 shares during the period. Sovran Advisors LLC lifted its position in shares of Fidelity Enhanced International ETF by 5.0% in the 4th quarter. Sovran Advisors LLC now owns 7,260 shares of the company’s stock worth $276,000 after acquiring an additional 347 shares during the period. Clarity Asset Management Inc. increased its holdings in Fidelity Enhanced International ETF by 1.6% in the 4th quarter. Clarity Asset Management Inc. now owns 22,582 shares of the company’s stock valued at $826,000 after buying an additional 350 shares during the period. Finally, HUB Investment Partners LLC raised its stake in shares of Fidelity Enhanced International ETF by 4.3% in the 2nd quarter. HUB Investment Partners LLC now owns 10,061 shares of the company’s stock valued at $335,000 after buying an additional 414 shares in the last quarter.

Fidelity Enhanced International ETF Stock Performance

Shares of FENI traded down $0.17 during mid-day trading on Thursday, hitting $40.70. The company’s stock had a trading volume of 1,595,115 shares, compared to its average volume of 2,366,719. The stock’s 50-day moving average is $38.41 and its two-hundred day moving average is $36.36. The firm has a market capitalization of $7.38 billion, a PE ratio of 14.82 and a beta of 0.50. Fidelity Enhanced International ETF has a one year low of $26.21 and a one year high of $40.87.

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.