Fidelity Enhanced International ETF (NYSEARCA:FENI) Short Interest Update

Fidelity Enhanced International ETF (NYSEARCA:FENI) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 554,656 shares, a growth of 129.6% from the August 31st total of 241,623 shares. Based on an average daily volume of 1,174,568 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FENI. Envestnet Asset Management Inc. increased its holdings in Fidelity Enhanced International ETF by 89.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 8,917,073 shares of the company’s stock worth $357,842,000 after purchasing an additional 4,212,434 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Fidelity Enhanced International ETF by 586.8% in the first quarter. Bank of America Corp DE now owns 3,662,354 shares of the company’s stock worth $136,240,000 after buying an additional 3,129,069 shares during the last quarter. Advocacy Wealth Management LLC bought a new stake in shares of Fidelity Enhanced International ETF in the second quarter worth $68,972,000. Cetera Investment Advisers increased its stake in shares of Fidelity Enhanced International ETF by 43.9% in the first quarter. Cetera Investment Advisers now owns 4,260,462 shares of the company’s stock worth $158,489,000 after buying an additional 1,299,196 shares during the last quarter. Finally, LPL Financial LLC raised its holdings in Fidelity Enhanced International ETF by 43.1% in the fourth quarter. LPL Financial LLC now owns 4,125,590 shares of the company’s stock valued at $150,914,000 after acquiring an additional 1,242,471 shares in the last quarter.

Fidelity Enhanced International ETF Stock Performance

Fidelity Enhanced International ETF stock traded up $0.43 during trading on Friday, reaching $40.52. 1,204,320 shares of the company’s stock were exchanged, compared to its average volume of 1,630,428. The company’s 50-day moving average is $40.98 and its two-hundred day moving average is $39.85. Fidelity Enhanced International ETF has a 52-week low of $34.36 and a 52-week high of $42.08. The firm has a market cap of $11.42 billion, a price-to-earnings ratio of 14.82 and a beta of 0.54.

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.