Fidelity Enhanced International ETF (NYSEARCA:FENI) Sees Significant Increase in Short Interest

Fidelity Enhanced International ETF (NYSEARCA:FENI) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 3,516,014 shares, a growth of 386.0% from the January 15th total of 723,484 shares. Approximately 1.9% of the company’s shares are short sold. Based on an average daily volume of 2,558,228 shares, the short-interest ratio is presently 1.4 days. Based on an average daily volume of 2,558,228 shares, the short-interest ratio is presently 1.4 days. Approximately 1.9% of the company’s shares are short sold.

Fidelity Enhanced International ETF Stock Performance

FENI opened at $40.17 on Wednesday. Fidelity Enhanced International ETF has a 1 year low of $26.21 and a 1 year high of $40.78. The firm has a 50 day moving average price of $37.54 and a 200 day moving average price of $35.84. The company has a market cap of $7.28 billion, a PE ratio of 14.82 and a beta of 0.50.

Hedge Funds Weigh In On Fidelity Enhanced International ETF

A number of hedge funds have recently made changes to their positions in FENI. Bryant Woods Investment Advisors LLC grew its stake in Fidelity Enhanced International ETF by 17.2% during the 3rd quarter. Bryant Woods Investment Advisors LLC now owns 220,167 shares of the company’s stock valued at $7,767,000 after purchasing an additional 32,374 shares in the last quarter. CWM LLC boosted its stake in shares of Fidelity Enhanced International ETF by 132.4% during the 3rd quarter. CWM LLC now owns 37,621 shares of the company’s stock valued at $1,327,000 after buying an additional 21,434 shares during the last quarter. Barnes Pettey Financial Advisors LLC purchased a new position in shares of Fidelity Enhanced International ETF during the 2nd quarter valued at approximately $985,000. Orrstown Financial Services Inc. grew its position in shares of Fidelity Enhanced International ETF by 9.3% during the third quarter. Orrstown Financial Services Inc. now owns 1,405,343 shares of the company’s stock worth $49,581,000 after buying an additional 119,130 shares in the last quarter. Finally, Financial Strategies Group Inc. bought a new stake in shares of Fidelity Enhanced International ETF in the third quarter worth $39,960,000.

Fidelity Enhanced International ETF Company Profile

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.