Short Interest in Fidelity Enhanced International ETF (NYSEARCA:FENI) Declines By 75.3%

Fidelity Enhanced International ETF (NYSEARCA:FENI) was the target of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 248,588 shares, a decline of 75.3% from the May 14th total of 1,005,902 shares. Based on an average daily volume of 1,223,541 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On Fidelity Enhanced International ETF

Hedge funds have recently added to or reduced their stakes in the company. Your Advocates Ltd. LLP bought a new stake in Fidelity Enhanced International ETF during the first quarter worth about $31,000. GHP Investment Advisors Inc. bought a new stake in Fidelity Enhanced International ETF during the first quarter worth about $33,000. Decker Retirement Planning Inc. bought a new stake in Fidelity Enhanced International ETF during the first quarter worth about $39,000. Archer Investment Corp lifted its stake in Fidelity Enhanced International ETF by 244.5% during the first quarter. Archer Investment Corp now owns 1,106 shares of the company’s stock worth $41,000 after purchasing an additional 785 shares during the last quarter. Finally, Meramec Financial Planners LLC bought a new stake in Fidelity Enhanced International ETF during the first quarter worth about $52,000.

Fidelity Enhanced International ETF Stock Performance

Fidelity Enhanced International ETF stock traded up $1.28 during mid-day trading on Thursday, hitting $40.16. 2,517,516 shares of the company traded hands, compared to its average volume of 1,809,258. Fidelity Enhanced International ETF has a one year low of $31.80 and a one year high of $40.90. The stock has a market cap of $9.32 billion, a price-to-earnings ratio of 14.82 and a beta of 0.55. The stock has a fifty day moving average price of $39.43 and a 200-day moving average price of $38.37.

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.