Fidelity Enhanced US All-Cap Equity ETF (NYSEARCA:FEAC) Sees Large Drop in Short Interest

Fidelity Enhanced US All-Cap Equity ETF (NYSEARCA:FEAC – Get Free Report) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totaling 1,486 shares, a decline of 71.2% from the August 31st total of 5,166 shares. Based on an average daily trading volume, of 3,222 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.3% of the shares of the stock are sold short.

Institutional Trading of Fidelity Enhanced US All-Cap Equity ETF

A hedge fund recently bought a new position in Fidelity Enhanced US All-Cap Equity ETF stock. Concurrent Investment Advisors LLC purchased a new stake in shares of Fidelity Enhanced US All-Cap Equity ETF (NYSEARCA:FEAC – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 688,161 shares of the company’s stock, valued at approximately $22,257,000. Concurrent Investment Advisors LLC owned 132.34% of Fidelity Enhanced US All-Cap Equity ETF as of its most recent SEC filing. Hedge funds and other institutional investors own 40.83% of the company’s stock.

Fidelity Enhanced US All-Cap Equity ETF Price Performance

FEAC stock traded up $0.20 during midday trading on Friday, reaching $33.17. The company had a trading volume of 6,015 shares, compared to its average volume of 8,151. The firm has a 50-day moving average price of $33.07 and a 200-day moving average price of $31.57. The company 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 has a 1 year low of $26.95 and a 1 year high of $34.05.

Fidelity Enhanced US All-Cap Equity ETF Company Profile

(Get Free Report)

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

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