Fidelity Enhanced Emerging Markets ETF (NYSEARCA:FEMR – Get Free Report) was the target of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 8,222 shares, a decline of 60.7% from the July 30th total of 20,918 shares. Approximately 0.2% of the shares of the company 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 Price Performance
NYSEARCA FEMR traded down $0.32 on Friday, reaching $41.03. The stock had a trading volume of 11,074 shares, compared to its average volume of 43,054. The company has a market cap of $172.33 million, a P/E ratio of 13.14 and a beta of 1.05. The firm has a fifty day moving average of $40.65 and a two-hundred day moving average of $39.03. Fidelity Enhanced Emerging Markets ETF has a 1-year low of $29.02 and a 1-year high of $44.41.
Hedge Funds Weigh In On Fidelity Enhanced Emerging Markets ETF
Several institutional investors and hedge funds have recently modified their holdings of the business. InTrack Investment Management Inc raised its stake in Fidelity Enhanced Emerging Markets ETF by 23.2% in the 2nd quarter. InTrack Investment Management Inc now owns 101,235 shares of the company’s stock worth $4,311,000 after purchasing an additional 19,079 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Fidelity Enhanced Emerging Markets ETF by 52.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 78,884 shares of the company’s stock worth $2,694,000 after purchasing an additional 27,230 shares in the last quarter. SK Wealth Management LLC increased its holdings in shares of Fidelity Enhanced Emerging Markets ETF by 5.0% during the first quarter. SK Wealth Management LLC now owns 203,101 shares of the company’s stock worth $7,068,000 after purchasing an additional 9,615 shares during the period. Founders Financial Securities LLC acquired a new stake in shares of Fidelity Enhanced Emerging Markets ETF in the first quarter valued at approximately $969,000. Finally, Commonwealth Equity Services LLC raised its position in shares of Fidelity Enhanced Emerging Markets ETF by 11.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 758,172 shares of the company’s stock valued at $24,671,000 after buying an additional 79,260 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.
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