Fidelity Enhanced International ETF (NYSEARCA:FENI) Sees Unusually-High Trading Volume – Still a Buy?

Fidelity Enhanced International ETF (NYSEARCA:FENI) shares saw unusually-strong trading volume on Friday . Approximately 475,275 shares traded hands during trading, an increase of 95% from the previous session’s volume of 243,433 shares.The stock last traded at $31.28 and had previously closed at $31.18.

Fidelity Enhanced International ETF Stock Performance

The firm’s 50-day moving average is $29.94 and its 200 day moving average is $29.05. The firm has a market capitalization of $2.47 billion, a PE ratio of 15.54 and a beta of 0.68.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of FENI. Pinney & Scofield Inc. acquired a new stake in Fidelity Enhanced International ETF during the 4th quarter valued at $28,000. Atmos Advisory LLC purchased a new stake in shares of Fidelity Enhanced International ETF in the fourth quarter valued at $30,000. Heck Capital Advisors LLC acquired a new stake in shares of Fidelity Enhanced International ETF during the fourth quarter valued at $35,000. US Bancorp DE increased its position in Fidelity Enhanced International ETF by 1,895.5% during the 1st quarter. US Bancorp DE now owns 1,756 shares of the company’s stock worth $52,000 after purchasing an additional 1,668 shares in the last quarter. Finally, Asset Dedication LLC acquired a new position in Fidelity Enhanced International ETF in the 1st quarter valued at about $58,000.

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.