Fidelity Enhanced US All-Cap Equity ETF (NYSEARCA:FEAC) Sees Large Growth in Short Interest

Fidelity Enhanced US All-Cap Equity ETF (NYSEARCA:FEACGet Free Report) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 5,166 shares, a growth of 262.5% from the August 15th total of 1,425 shares. Currently, 1.0% of the company’s shares are sold short. Based on an average trading volume of 4,355 shares, the short-interest ratio is currently 1.2 days.

Fidelity Enhanced US All-Cap Equity ETF Stock Down 0.6%

Fidelity Enhanced US All-Cap Equity ETF stock traded down $0.18 during midday trading on Monday, hitting $32.86. 622 shares of the stock were exchanged, compared to its average volume of 8,404. The stock has a market capitalization of $17.09 million, a PE ratio of 22.69 and a beta of 0.99. The company has a fifty day simple moving average of $32.97 and a two-hundred day simple moving average of $31.31. Fidelity Enhanced US All-Cap Equity ETF has a 52 week low of $26.95 and a 52 week high of $34.05.

Institutional Trading of Fidelity Enhanced US All-Cap Equity ETF

A hedge fund recently bought a new stake in Fidelity Enhanced US All-Cap Equity ETF stock. Concurrent Investment Advisors LLC bought a new position in shares of Fidelity Enhanced US All-Cap Equity ETF (NYSEARCA:FEACFree Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 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 at the end of the most recent quarter. 40.83% of the stock is currently owned by hedge funds and other institutional investors.

About Fidelity Enhanced US All-Cap Equity ETF

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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

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