Fidelity Enhanced Emerging Markets ETF (NYSEARCA:FEMR) Sees Large Drop in Short Interest

Fidelity Enhanced Emerging Markets ETF (NYSEARCA:FEMR) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 5,463 shares, a drop of 68.7% from the September 30th total of 17,441 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 46,955 shares, the days-to-cover ratio is currently 0.1 days.

Fidelity Enhanced Emerging Markets ETF Price Performance

FEMR stock traded down $0.56 during trading on Thursday, reaching $38.79. 35,449 shares of the stock traded hands, compared to its average volume of 41,815. The firm has a market capitalization of $201.71 million, a PE ratio of 13.14 and a beta of 1.05. The business’s 50 day moving average price is $40.77 and its 200-day moving average price is $39.06. Fidelity Enhanced Emerging Markets ETF has a 52-week low of $30.36 and a 52-week high of $44.41.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. InTrack Investment Management Inc grew its stake in Fidelity Enhanced Emerging Markets ETF by 23.2% during the second quarter. InTrack Investment Management Inc now owns 101,235 shares of the company’s stock worth $4,311,000 after buying an additional 19,079 shares during the period. Citadel Advisors LLC increased its position in shares of Fidelity Enhanced Emerging Markets ETF by 16.9% in the second quarter. Citadel Advisors LLC now owns 88,456 shares of the company’s stock worth $3,766,000 after acquiring an additional 12,763 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Fidelity Enhanced Emerging Markets ETF in the second quarter worth $1,901,000. EverSource Wealth Advisors LLC raised its stake in shares of Fidelity Enhanced Emerging Markets ETF by 52.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 78,884 shares of the company’s stock valued at $2,694,000 after acquiring an additional 27,230 shares during the period. Finally, Carnegie Investment Counsel purchased a new position in shares of Fidelity Enhanced Emerging Markets ETF in the 3rd quarter valued at $685,000.

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.