Fidelity Enhanced International ETF (NYSEARCA:FENI) Sees Unusually-High Trading Volume – Here’s Why

Shares of Fidelity Enhanced International ETF (NYSEARCA:FENI) saw an uptick in trading volume on Friday . 3,594,447 shares traded hands during trading, an increase of 100% from the previous session’s volume of 1,795,280 shares.The stock last traded at $40.31 and had previously closed at $40.16.

Fidelity Enhanced International ETF Stock Up 0.4%

The stock has a market cap of $9.35 billion, a P/E ratio of 14.82 and a beta of 0.55. The business’s 50-day simple moving average is $39.43 and its two-hundred day simple moving average is $38.37.

Hedge Funds Weigh In On Fidelity Enhanced International ETF

A number of large investors have recently modified their holdings of the company. Coyle Financial Counsel LLC bought a new position in Fidelity Enhanced International ETF in the 3rd quarter worth about $3,568,000. D.A. Davidson & CO. raised its position in Fidelity Enhanced International ETF by 10.3% in the 4th quarter. D.A. Davidson & CO. now owns 211,465 shares of the company’s stock worth $7,735,000 after buying an additional 19,799 shares during the last quarter. Savvy Advisors Inc. raised its position in Fidelity Enhanced International ETF by 721.3% in the 4th quarter. Savvy Advisors Inc. now owns 55,395 shares of the company’s stock worth $2,026,000 after buying an additional 48,650 shares during the last quarter. KFG Wealth Management LLC raised its position in Fidelity Enhanced International ETF by 8.2% in the 4th quarter. KFG Wealth Management LLC now owns 1,260,747 shares of the company’s stock worth $46,118,000 after buying an additional 95,825 shares during the last quarter. Finally, Cozad Asset Management Inc. raised its position in Fidelity Enhanced International ETF by 360.8% in the 3rd quarter. Cozad Asset Management Inc. now owns 70,754 shares of the company’s stock worth $2,496,000 after buying an additional 55,401 shares during the last quarter.

Fidelity Enhanced International ETF Company Profile

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. FENI was launched on Dec 20, 2007 and is issued by Fidelity.