Fidelity Enhanced Emerging Markets ETF (NYSEARCA:FEMR) Stock Short Interest Falls 68.7%

Fidelity Enhanced Emerging Markets ETF (NYSEARCA:FEMR) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 5,463 shares, a decline of 68.7% from the September 30th total of 17,441 shares. Based on an average daily volume of 46,955 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

Fidelity Enhanced Emerging Markets ETF Price Performance

Shares of FEMR stock traded down $1.16 during trading hours on Friday, reaching $37.63. 56,395 shares of the company’s stock were exchanged, compared to its average volume of 41,884. The company’s 50 day moving average is $40.77 and its two-hundred day moving average is $39.06. The company has a market cap of $195.68 million, a P/E ratio of 13.14 and a beta of 1.05. Fidelity Enhanced Emerging Markets ETF has a 1 year low of $30.36 and a 1 year high of $44.41.

Hedge Funds Weigh In On Fidelity Enhanced Emerging Markets ETF

Large investors have recently made changes to their positions in the stock. Traynor Capital Management Inc. acquired a new stake in shares of Fidelity Enhanced Emerging Markets ETF during the 3rd quarter valued at approximately $1,180,000. Founders Financial Securities LLC purchased a new position in Fidelity Enhanced Emerging Markets ETF in the 3rd quarter valued at approximately $1,213,000. Carnegie Investment Counsel acquired a new position in Fidelity Enhanced Emerging Markets ETF during the third quarter worth $685,000. MFA Wealth Services raised its holdings in Fidelity Enhanced Emerging Markets ETF by 5.1% during the third quarter. MFA Wealth Services now owns 34,471 shares of the company’s stock worth $1,419,000 after purchasing an additional 1,659 shares during the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in Fidelity Enhanced Emerging Markets ETF during the second quarter worth $1,901,000.

Fidelity Enhanced Emerging Markets ETF Company Profile

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.