Fidelity Enhanced Emerging Markets ETF (NYSEARCA:FEMR) Sees Large Increase in Short Interest

Fidelity Enhanced Emerging Markets ETF (NYSEARCA:FEMR) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totaling 12,134 shares, a growth of 93.4% from the March 15th total of 6,273 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 24,388 shares, the days-to-cover ratio is currently 0.5 days.

Fidelity Enhanced Emerging Markets ETF Stock Performance

Shares of FEMR traded up $0.97 during mid-day trading on Tuesday, hitting $37.78. 24,311 shares of the company’s stock were exchanged, compared to its average volume of 42,869. The company has a market cap of $109.56 million, a price-to-earnings ratio of 13.14 and a beta of 0.85. Fidelity Enhanced Emerging Markets ETF has a fifty-two week low of $24.03 and a fifty-two week high of $38.54. The stock’s 50-day moving average is $35.77 and its 200-day moving average is $33.67.

Institutional Trading of Fidelity Enhanced Emerging Markets ETF

A number of large investors have recently made changes to their positions in FEMR. Jane Street Group LLC purchased a new stake in shares of Fidelity Enhanced Emerging Markets ETF during the second quarter worth approximately $469,000. SK Wealth Management LLC increased its stake in shares of Fidelity Enhanced Emerging Markets ETF by 173.2% during the third quarter. SK Wealth Management LLC now owns 110,938 shares of the company’s stock worth $3,483,000 after buying an additional 70,331 shares during the period. Elm3 Financial Group LLC increased its stake in shares of Fidelity Enhanced Emerging Markets ETF by 34.5% during the third quarter. Elm3 Financial Group LLC now owns 17,810 shares of the company’s stock worth $553,000 after buying an additional 4,567 shares during the period. InTrack Investment Management Inc increased its stake in shares of Fidelity Enhanced Emerging Markets ETF by 63.0% during the third quarter. InTrack Investment Management Inc now owns 40,507 shares of the company’s stock worth $1,258,000 after buying an additional 15,652 shares during the period. Finally, Commonwealth Equity Services LLC increased its stake 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 worth $21,083,000 after buying an additional 562,037 shares during the period.

About Fidelity Enhanced Emerging Markets ETF

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.