Short Interest in Fidelity Enhanced Emerging Markets ETF (NYSEARCA:FEMR) Drops By 93.8%

Fidelity Enhanced Emerging Markets ETF (NYSEARCA:FEMR) was the recipient of a significant decline in short interest in the month of February. As of February 13th, there was short interest totaling 9,287 shares, a decline of 93.8% from the January 29th total of 150,640 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 48,108 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 48,108 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.4% of the shares of the company are short sold.

Hedge Funds Weigh In On Fidelity Enhanced Emerging Markets ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC bought a new stake in shares of Fidelity Enhanced Emerging Markets ETF in the second quarter valued at approximately $469,000. Elm3 Financial Group LLC grew its stake in Fidelity Enhanced Emerging Markets ETF by 34.5% in the 3rd quarter. Elm3 Financial Group LLC now owns 17,810 shares of the company’s stock valued at $553,000 after buying an additional 4,567 shares in the last quarter. Canvas Wealth Advisors LLC grew its stake in Fidelity Enhanced Emerging Markets ETF by 176.3% in the 3rd quarter. Canvas Wealth Advisors LLC now owns 29,816 shares of the company’s stock valued at $941,000 after buying an additional 19,023 shares in the last quarter. MFA Wealth Services bought a new stake in Fidelity Enhanced Emerging Markets ETF during the 3rd quarter valued at $1,099,000. Finally, InTrack Investment Management Inc lifted its position in shares of Fidelity Enhanced Emerging Markets ETF by 63.0% during the third quarter. InTrack Investment Management Inc now owns 40,507 shares of the company’s stock worth $1,258,000 after acquiring an additional 15,652 shares in the last quarter.

Fidelity Enhanced Emerging Markets ETF Trading Up 0.9%

Shares of FEMR stock traded up $0.36 on Wednesday, hitting $38.44. 32,744 shares of the stock were exchanged, compared to its average volume of 43,966. The firm’s 50 day moving average is $35.01 and its two-hundred day moving average is $32.36. Fidelity Enhanced Emerging Markets ETF has a one year low of $22.11 and a one year high of $38.47. The firm has a market capitalization of $84.57 million, a PE ratio of 13.14 and a beta of 1.57.

About Fidelity Enhanced Emerging Markets ETF

The Fidelity Enhanced Emerging Markets ETF (FEMR) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, investing in equity securities of issuers in emerging markets. The fund aims for growth of capital FEMR was launched on Nov 19, 2024 and is issued by Fidelity.