Fidelity Enhanced International ETF (NYSEARCA:FENI) Shares Shorted: Short Interest Up 129.6% in September

Fidelity Enhanced International ETF (NYSEARCA:FENI) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 554,656 shares, a growth of 129.6% from the August 31st total of 241,623 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 1,174,568 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its position in shares of Fidelity Enhanced International ETF by 89.5% during the second quarter. Envestnet Asset Management Inc. now owns 8,917,073 shares of the company’s stock worth $357,842,000 after acquiring an additional 4,212,434 shares during the last quarter. Cetera Investment Advisers grew its position in shares of Fidelity Enhanced International ETF by 43.9% during the first quarter. Cetera Investment Advisers now owns 4,260,462 shares of the company’s stock worth $158,489,000 after buying an additional 1,299,196 shares in the last quarter. LPL Financial LLC grew its holdings in Fidelity Enhanced International ETF by 43.1% during the 4th quarter. LPL Financial LLC now owns 4,125,590 shares of the company’s stock worth $150,914,000 after acquiring an additional 1,242,471 shares in the last quarter. Kestra Advisory Services LLC lifted its position in shares of Fidelity Enhanced International ETF by 32.8% during the first quarter. Kestra Advisory Services LLC now owns 3,987,513 shares of the company’s stock worth $148,335,000 after purchasing an additional 983,896 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Fidelity Enhanced International ETF by 586.8% during the first quarter. Bank of America Corp DE now owns 3,662,354 shares of the company’s stock worth $136,240,000 after purchasing an additional 3,129,069 shares during the last quarter.

Fidelity Enhanced International ETF Trading Down 0.9%

Shares of NYSEARCA FENI traded down $0.36 on Tuesday, reaching $39.97. 1,152,612 shares of the company traded hands, compared to its average volume of 1,625,972. Fidelity Enhanced International ETF has a fifty-two week low of $34.36 and a fifty-two week high of $42.08. The company has a 50 day moving average of $41.00 and a 200 day moving average of $39.86. The stock has a market capitalization of $11.34 billion, a PE ratio of 14.82 and a beta of 0.54.

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