Fidelity Enhanced International ETF (NYSEARCA:FENI) Sees Strong Trading Volume – What’s Next?

Shares of Fidelity Enhanced International ETF (NYSEARCA:FENI) saw strong trading volume on Friday . 3,594,447 shares were traded during trading, an increase of 100% from the previous session’s volume of 1,795,280 shares.The stock last traded at $40.31 and had previously closed at $40.16.

Fidelity Enhanced International ETF Price Performance

The stock’s 50-day simple moving average is $39.47 and its 200 day simple moving average is $38.38. The stock has a market capitalization of $9.35 billion, a P/E ratio of 14.82 and a beta of 0.55.

Hedge Funds Weigh In On Fidelity Enhanced International ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FENI. Northwestern Mutual Wealth Management Co. boosted its position in Fidelity Enhanced International ETF by 74.7% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 7,950,844 shares of the company’s stock worth $280,506,000 after purchasing an additional 3,400,521 shares during the period. Bank of America Corp DE lifted its holdings in shares of Fidelity Enhanced International ETF by 586.8% during 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 in the last quarter. Osaic Holdings Inc. lifted its holdings in shares of Fidelity Enhanced International ETF by 151.2% during the fourth quarter. Osaic Holdings Inc. now owns 4,375,550 shares of the company’s stock worth $160,085,000 after buying an additional 2,633,659 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Fidelity Enhanced International ETF by 105.0% during the fourth quarter. Wells Fargo & Company MN now owns 4,541,258 shares of the company’s stock worth $166,119,000 after buying an additional 2,325,511 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of Fidelity Enhanced International ETF by 579.0% during the fourth quarter. Jane Street Group LLC now owns 2,600,000 shares of the company’s stock worth $95,108,000 after buying an additional 2,217,067 shares in the last quarter.

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.