Fidelity Enhanced US All-Cap Equity ETF (NYSEARCA:FEAC) Stock Short Interest Declines 71.2%

Fidelity Enhanced US All-Cap Equity ETF (NYSEARCA:FEAC) was the target of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 1,486 shares, a drop of 71.2% from the August 31st total of 5,166 shares. Based on an average daily volume of 3,222 shares, the short-interest ratio is currently 0.5 days. Currently, 0.3% of the company’s shares are sold short.

Hedge Funds Weigh In On Fidelity Enhanced US All-Cap Equity ETF

An institutional investor recently bought a new stake in Fidelity Enhanced US All-Cap Equity ETF stock. Concurrent Investment Advisors LLC purchased a new stake in Fidelity Enhanced US All-Cap Equity ETF (NYSEARCA:FEAC) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 688,161 shares of the company’s stock, valued at approximately $22,257,000. Concurrent Investment Advisors LLC owned approximately 132.34% of Fidelity Enhanced US All-Cap Equity ETF as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 40.83% of the company’s stock.

Fidelity Enhanced US All-Cap Equity ETF Trading Up 0.6%

Fidelity Enhanced US All-Cap Equity ETF stock opened at $33.17 on Friday. The business has a 50-day moving average of $33.07 and a 200-day moving average of $31.55. Fidelity Enhanced US All-Cap Equity ETF has a 1 year low of $26.95 and a 1 year high of $34.05. The firm has a market capitalization of $16.59 million, a P/E ratio of 22.69 and a beta of 0.99.

Fidelity Enhanced US All-Cap Equity ETF Company Profile

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