Short Interest in Fidelity Enhanced Emerging Markets ETF (NYSEARCA:FEMR) Drops By 30.3%

Fidelity Enhanced Emerging Markets ETF (NYSEARCA:FEMR) saw a large drop in short interest in March. As of March 13th, there was short interest totaling 6,273 shares, a drop of 30.3% from the February 26th total of 8,998 shares. Based on an average trading volume of 69,795 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.3% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FEMR. Commonwealth Equity Services LLC raised its holdings in Fidelity Enhanced Emerging Markets ETF by 11.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 758,172 shares of the company’s stock valued at $24,671,000 after buying an additional 79,260 shares during the last quarter. SK Wealth Management LLC grew its holdings in Fidelity Enhanced Emerging Markets ETF by 74.4% during the 4th quarter. SK Wealth Management LLC now owns 193,486 shares of the company’s stock worth $6,296,000 after acquiring an additional 82,548 shares during the last quarter. FWG Holdings LLC bought a new stake in Fidelity Enhanced Emerging Markets ETF during the 4th quarter worth approximately $2,657,000. InTrack Investment Management Inc increased its position in Fidelity Enhanced Emerging Markets ETF by 40.6% in the 4th quarter. InTrack Investment Management Inc now owns 56,953 shares of the company’s stock valued at $1,853,000 after acquiring an additional 16,446 shares during the period. Finally, EverSource Wealth Advisors LLC acquired a new position in Fidelity Enhanced Emerging Markets ETF in the 4th quarter valued at approximately $1,681,000.

Fidelity Enhanced Emerging Markets ETF Price Performance

FEMR stock traded down $0.16 during midday trading on Friday, reaching $33.19. 22,339 shares of the stock were exchanged, compared to its average volume of 44,411. Fidelity Enhanced Emerging Markets ETF has a 52 week low of $22.11 and a 52 week high of $38.54. The company has a fifty day moving average price of $35.88 and a 200 day moving average price of $33.28. The stock has a market capitalization of $73.02 million, a PE ratio of 13.14 and a beta of 1.57.

Fidelity Enhanced Emerging Markets ETF Company Profile

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.