Short Interest in Fidelity Enhanced US All-Cap Equity ETF (NYSEARCA:FEAC) Increases By 262.5%

Fidelity Enhanced US All-Cap Equity ETF (NYSEARCA:FEAC) was the target of a large growth in short interest in 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. Based on an average daily trading volume, of 4,355 shares, the short-interest ratio is presently 1.2 days. Currently, 1.0% of the company’s stock are sold short.

Fidelity Enhanced US All-Cap Equity ETF Trading Up 0.9%

FEAC stock traded up $0.30 during trading on Friday, reaching $33.04. 622 shares of the stock were exchanged, compared to its average volume of 8,404. The firm’s 50 day moving average is $32.97 and its 200 day moving average is $31.29. The firm has a market cap of $17.18 million, a P/E ratio of 22.69 and a beta of 0.99. Fidelity Enhanced US All-Cap Equity ETF has a twelve month low of $26.95 and a twelve month high of $34.05.

Hedge Funds Weigh In On Fidelity Enhanced US All-Cap Equity ETF

An institutional investor recently bought a new stake in Fidelity Enhanced US All-Cap Equity ETF stock. Concurrent Investment Advisors LLC bought a new position in Fidelity Enhanced US All-Cap Equity ETF (NYSEARCA:FEAC) during the second quarter, according to its most recent filing with the SEC. The firm 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 as of its most recent SEC filing. 40.83% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity Enhanced US All-Cap Equity ETF Company Profile

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