Fidelity Enhanced International ETF (NYSEARCA:FENI) Shares Shorted: Short Interest Up 129.6% in September

Fidelity Enhanced International ETF (NYSEARCA:FENI) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 554,656 shares, a growth of 129.6% from the August 31st total of 241,623 shares. Based on an average daily volume of 1,174,568 shares, the short-interest ratio is presently 0.5 days. Approximately 0.2% of the shares of the stock are sold short.

Institutional Investors Weigh In On Fidelity Enhanced International ETF

Several hedge funds have recently modified their holdings of FENI. Your Advocates Ltd. LLP purchased a new stake in Fidelity Enhanced International ETF in the first quarter valued at approximately $31,000. GHP Investment Advisors Inc. purchased a new position in Fidelity Enhanced International ETF during the first quarter worth approximately $33,000. Decker Retirement Planning Inc. purchased a new position in Fidelity Enhanced International ETF during the first quarter worth approximately $39,000. Archer Investment Corp boosted its holdings in shares of Fidelity Enhanced International ETF by 244.5% in the 1st quarter. Archer Investment Corp now owns 1,106 shares of the company’s stock valued at $41,000 after purchasing an additional 785 shares during the last quarter. Finally, Meramec Financial Planners LLC acquired a new position in shares of Fidelity Enhanced International ETF in the 1st quarter valued at $52,000.

Fidelity Enhanced International ETF Stock Performance

FENI stock traded up $0.43 during midday trading on Friday, hitting $40.52. 1,204,320 shares of the stock were exchanged, compared to its average volume of 1,630,428. The stock’s 50-day moving average price is $40.98 and its 200-day moving average price is $39.85. The stock has a market cap of $11.42 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.

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.