Fidelity Enhanced Emerging Markets ETF (NYSEARCA:FEMR) Short Interest Down 60.7% in August

Fidelity Enhanced Emerging Markets ETF (NYSEARCA:FEMR) saw a large decrease in short interest in August. As of August 14th, there was short interest totaling 8,222 shares, a decrease of 60.7% from the July 30th total of 20,918 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 36,035 shares, the days-to-cover ratio is currently 0.2 days.

Fidelity Enhanced Emerging Markets ETF Stock Performance

Shares of NYSEARCA FEMR traded down $0.32 during mid-day trading on Friday, reaching $41.03. The company had a trading volume of 11,074 shares, compared to its average volume of 43,054. The firm has a market cap of $172.33 million, a price-to-earnings ratio of 13.14 and a beta of 1.05. The business’s 50-day simple moving average is $40.65 and its 200 day simple moving average is $39.03. Fidelity Enhanced Emerging Markets ETF has a one year low of $29.02 and a one year high of $44.41.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. SK Wealth Management LLC boosted its holdings in shares of Fidelity Enhanced Emerging Markets ETF by 5.0% in the 1st quarter. SK Wealth Management LLC now owns 203,101 shares of the company’s stock valued at $7,068,000 after purchasing an additional 9,615 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Fidelity Enhanced Emerging Markets ETF during the 2nd quarter worth $469,000. InTrack Investment Management Inc lifted its position in shares of Fidelity Enhanced Emerging Markets ETF by 23.2% during the 2nd quarter. InTrack Investment Management Inc now owns 101,235 shares of the company’s stock worth $4,311,000 after buying an additional 19,079 shares during the last quarter. Founders Financial Securities LLC acquired a new stake in Fidelity Enhanced Emerging Markets ETF in the first quarter valued at about $969,000. Finally, EverSource Wealth Advisors LLC boosted its stake in Fidelity Enhanced Emerging Markets ETF by 52.7% in the first quarter. EverSource Wealth Advisors LLC now owns 78,884 shares of the company’s stock valued at $2,694,000 after buying an additional 27,230 shares in the last quarter.

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.