Fidelity Enhanced US All-Cap Equity ETF (NYSEARCA:FEAC) Shares Shorted: Short Interest Down 93.6% in October

Fidelity Enhanced US All-Cap Equity ETF (NYSEARCA:FEAC) saw a significant decrease in short interest during the month of October. As of October 30th, there was short interest totaling 284 shares, a decrease of 93.6% from the October 15th total of 4,405 shares. Based on an average daily trading volume, of 1,363 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

Fidelity Enhanced US All-Cap Equity ETF Stock Up 1.6%

NYSEARCA FEAC traded up $0.51 during trading on Wednesday, hitting $32.66. 1,999 shares of the stock traded hands, compared to its average volume of 7,175. Fidelity Enhanced US All-Cap Equity ETF has a 12-month low of $26.95 and a 12-month high of $34.05. The firm has a 50-day simple moving average of $32.93 and a 200-day simple moving average of $31.43. The company has a market capitalization of $17.15 million, a P/E ratio of 21.74 and a beta of 1.01.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Concurrent Investment Advisors LLC purchased a new position in shares of Fidelity Enhanced US All-Cap Equity ETF in the 2nd quarter worth $22,257,000. Commonwealth Equity Services LLC purchased a new position in Fidelity Enhanced US All-Cap Equity ETF in the third quarter worth about $286,000. Finally, Pension & Wealth Management Advisors Inc. bought a new stake in Fidelity Enhanced US All-Cap Equity ETF during the third quarter worth approximately $61,000. 40.83% of the stock is owned by hedge funds and other institutional investors.

About Fidelity Enhanced US All-Cap Equity ETF

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