Fidelity Enhanced International ETF (NYSEARCA:FENI) Sees Large Increase in Short Interest

Fidelity Enhanced International ETF (NYSEARCA:FENI) saw a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 183,112 shares, a growth of 94.3% from the March 31st total of 94,233 shares. Based on an average trading volume of 1,481,239 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

Fidelity Enhanced International ETF Price Performance

Shares of NYSEARCA:FENI traded up $0.14 during trading on Friday, reaching $39.03. The stock had a trading volume of 1,003,704 shares, compared to its average volume of 1,987,312. Fidelity Enhanced International ETF has a 52 week low of $30.28 and a 52 week high of $40.90. The business’s 50-day moving average price is $38.62 and its 200 day moving average price is $37.41. The stock has a market capitalization of $8.98 billion, a PE ratio of 14.82 and a beta of 0.60.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of FENI. Royal Bank of Canada raised its stake in shares of Fidelity Enhanced International ETF by 353.0% in the first quarter. Royal Bank of Canada now owns 16,340 shares of the company’s stock valued at $486,000 after acquiring an additional 12,733 shares during the last quarter. Jane Street Group LLC raised its stake in shares of Fidelity Enhanced International ETF by 149.8% in the first quarter. Jane Street Group LLC now owns 348,369 shares of the company’s stock valued at $10,367,000 after acquiring an additional 208,895 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Fidelity Enhanced International ETF by 2,638.5% in the second quarter. JPMorgan Chase & Co. now owns 184,490 shares of the company’s stock valued at $6,136,000 after acquiring an additional 177,753 shares during the last quarter. HUB Investment Partners LLC raised its stake in shares of Fidelity Enhanced International ETF by 4.3% in the second quarter. HUB Investment Partners LLC now owns 10,061 shares of the company’s stock valued at $335,000 after acquiring an additional 414 shares during the last quarter. Finally, Betterment LLC bought a new position in shares of Fidelity Enhanced International ETF in the second quarter valued at approximately $694,000.

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.