Fidelity Enhanced International ETF (NYSEARCA:FENI) Short Interest Down 68.8% in August

Fidelity Enhanced International ETF (NYSEARCA:FENI) saw a large drop in short interest in August. As of August 31st, there was short interest totaling 241,623 shares, a drop of 68.8% from the August 15th total of 773,702 shares. Based on an average trading volume of 1,005,960 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

Fidelity Enhanced International ETF Trading Down 0.7%

FENI traded down $0.27 on Monday, reaching $40.69. The stock had a trading volume of 1,082,749 shares, compared to its average volume of 1,635,705. The company has a market capitalization of $10.95 billion, a price-to-earnings ratio of 14.82 and a beta of 0.54. Fidelity Enhanced International ETF has a fifty-two week low of $34.36 and a fifty-two week high of $42.08. The firm has a 50-day moving average of $40.91 and a 200-day moving average of $39.78.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FENI. Your Advocates Ltd. LLP acquired a new stake in Fidelity Enhanced International ETF during the 1st quarter worth approximately $31,000. GHP Investment Advisors Inc. bought a new position in shares of Fidelity Enhanced International ETF during the first quarter valued at $33,000. Decker Retirement Planning Inc. acquired a new position in shares of Fidelity Enhanced International ETF during the first quarter worth $39,000. Archer Investment Corp lifted its holdings in shares of 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 period. Finally, Meramec Financial Planners LLC bought a new stake in shares of Fidelity Enhanced International ETF in the first quarter worth $52,000.

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.