Fidelity Enhanced Emerging Markets ETF (NYSEARCA:FEMR) Short Interest Down 30.3% in March

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

Fidelity Enhanced Emerging Markets ETF Price Performance

Shares of NYSEARCA FEMR traded down $0.38 during mid-day trading on Monday, hitting $32.81. The company had a trading volume of 28,916 shares, compared to its average volume of 44,152. Fidelity Enhanced Emerging Markets ETF has a 12 month low of $22.11 and a 12 month high of $38.54. The stock has a market cap of $72.18 million, a price-to-earnings ratio of 13.14 and a beta of 1.57. The firm’s 50 day simple moving average is $35.84 and its two-hundred day simple moving average is $33.31.

Institutional Investors Weigh In On Fidelity Enhanced Emerging Markets ETF

A number of hedge funds have recently added to or reduced their stakes in FEMR. Commonwealth Equity Services LLC boosted its holdings in shares of Fidelity Enhanced Emerging Markets ETF by 480.9% during the third quarter. Commonwealth Equity Services LLC now owns 678,912 shares of the company’s stock valued at $21,083,000 after acquiring an additional 562,037 shares during the period. InTrack Investment Management Inc increased its holdings in shares of Fidelity Enhanced Emerging Markets ETF by 63.0% in the 3rd 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 during the period. Canvas Wealth Advisors LLC lifted its position 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 purchasing an additional 19,023 shares during the last quarter. SK Wealth Management LLC lifted its position in Fidelity Enhanced Emerging Markets ETF by 173.2% in the 3rd quarter. SK Wealth Management LLC now owns 110,938 shares of the company’s stock valued at $3,483,000 after purchasing an additional 70,331 shares during the last quarter. Finally, MFA Wealth Services acquired a new position in Fidelity Enhanced Emerging Markets ETF during the 3rd quarter valued at about $1,099,000.

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.