Fidelity Enhanced US All-Cap Equity ETF (NYSEARCA:FEAC – Get Free Report) saw a large drop in short interest in the month of October. As of October 30th, there was short interest totaling 284 shares, a drop of 93.6% from the October 15th total of 4,405 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 1,363 shares, the short-interest ratio is currently 0.2 days.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in FEAC. Concurrent Investment Advisors LLC purchased a new stake in shares of Fidelity Enhanced US All-Cap Equity ETF in the second quarter worth about $22,257,000. Commonwealth Equity Services LLC purchased a new position in Fidelity Enhanced US All-Cap Equity ETF during the third quarter valued at approximately $286,000. Finally, Pension & Wealth Management Advisors Inc. purchased a new position in Fidelity Enhanced US All-Cap Equity ETF during the third quarter valued at approximately $61,000. Hedge funds and other institutional investors own 40.83% of the company’s stock.
Fidelity Enhanced US All-Cap Equity ETF Trading Down 0.2%
Shares of NYSEARCA FEAC traded down $0.08 during mid-day trading on Tuesday, hitting $32.15. The company had a trading volume of 1,025 shares, compared to its average volume of 7,199. Fidelity Enhanced US All-Cap Equity ETF has a 1 year low of $26.95 and a 1 year high of $34.05. The company has a market capitalization of $16.72 million, a price-to-earnings ratio of 22.69 and a beta of 1.00. The stock’s 50-day moving average price is $32.95 and its 200-day moving average price is $31.41.
Fidelity Enhanced US All-Cap Equity ETF Company Profile
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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