Short Interest in Fidelity Enhanced International ETF (NYSEARCA:FENI) Grows By 1,684.1%

Fidelity Enhanced International ETF (NYSEARCA:FENI) was the target of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 4,435,065 shares, an increase of 1,684.1% from the May 31st total of 248,588 shares. Based on an average daily volume of 1,736,366 shares, the days-to-cover ratio is currently 2.6 days. Currently, 1.9% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FENI. Gibson Capital LLC increased its stake in Fidelity Enhanced International ETF by 4.6% in the first quarter. Gibson Capital LLC now owns 6,403 shares of the company’s stock valued at $238,000 after acquiring an additional 284 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of Fidelity Enhanced International ETF by 21.1% in the 4th quarter. Allworth Financial LP now owns 1,679 shares of the company’s stock worth $61,000 after purchasing an additional 292 shares in the last quarter. Sovran Advisors LLC boosted its holdings in shares of Fidelity Enhanced International ETF by 4.2% in the 1st quarter. Sovran Advisors LLC now owns 7,564 shares of the company’s stock worth $297,000 after purchasing an additional 304 shares in the last quarter. Clarity Asset Management Inc. increased its position in shares of Fidelity Enhanced International ETF by 1.6% during the 4th quarter. Clarity Asset Management Inc. now owns 22,582 shares of the company’s stock valued at $826,000 after purchasing an additional 350 shares during the last quarter. Finally, Parallel Advisors LLC increased its position in shares of Fidelity Enhanced International ETF by 17.8% during the 1st quarter. Parallel Advisors LLC now owns 2,598 shares of the company’s stock valued at $97,000 after purchasing an additional 392 shares during the last quarter.

Fidelity Enhanced International ETF Price Performance

FENI stock traded up $0.37 during midday trading on Thursday, reaching $39.89. The company had a trading volume of 1,418,049 shares, compared to its average volume of 1,812,105. The firm has a 50-day moving average price of $39.76 and a 200-day moving average price of $38.68. The company has a market capitalization of $9.25 billion, a P/E ratio of 14.82 and a beta of 0.55. Fidelity Enhanced International ETF has a 1 year low of $32.44 and a 1 year high of $41.16.

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.