Fidelity Enhanced US All-Cap Equity ETF (NYSEARCA:FEAC) Short Interest Down 35.3% in August

Fidelity Enhanced US All-Cap Equity ETF (NYSEARCA:FEAC) saw a significant decrease in short interest in August. As of August 14th, there was short interest totaling 1,425 shares, a decrease of 35.3% from the July 30th total of 2,201 shares. Based on an average daily trading volume, of 4,344 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.3% of the company’s shares are sold short.

Fidelity Enhanced US All-Cap Equity ETF Price Performance

Shares of FEAC opened at $33.06 on Wednesday. Fidelity Enhanced US All-Cap Equity ETF has a one year low of $26.95 and a one year high of $34.05. The company has a 50-day moving average of $32.79 and a two-hundred day moving average of $31.08. The stock has a market cap of $17.19 million, a price-to-earnings ratio of 22.69 and a beta of 0.99.

Institutional Investors Weigh In On Fidelity Enhanced US All-Cap Equity ETF

A hedge fund recently bought a new position in Fidelity Enhanced US All-Cap Equity ETF stock. Concurrent Investment Advisors LLC acquired a new position in shares of Fidelity Enhanced US All-Cap Equity ETF (NYSEARCA:FEAC) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 688,161 shares of the company’s stock, valued at approximately $22,257,000. Concurrent Investment Advisors LLC owned approximately 132.34% of Fidelity Enhanced US All-Cap Equity ETF as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 40.83% of the company’s stock.

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