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

Fidelity Enhanced International ETF (NYSEARCA:FENI) saw unusually-strong trading volume on Thursday . Approximately 704,557 shares were traded during mid-day trading, an increase of 178% from the previous session’s volume of 253,038 shares.The stock last traded at $29.81 and had previously closed at $29.58.

Fidelity Enhanced International ETF Stock Up 0.2 %

The firm’s fifty day simple moving average is $28.29 and its 200-day simple moving average is $28.74. The company has a market cap of $1.56 billion, a PE ratio of 12.54 and a beta of 0.68.

Institutional Trading of Fidelity Enhanced International ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Creative Planning lifted its stake in shares of Fidelity Enhanced International ETF by 25.2% during the 3rd quarter. Creative Planning now owns 10,404 shares of the company’s stock worth $315,000 after purchasing an additional 2,095 shares during the period. Farther Finance Advisors LLC increased its stake in Fidelity Enhanced International ETF by 77.1% in the third quarter. Farther Finance Advisors LLC now owns 1,305 shares of the company’s stock valued at $40,000 after purchasing an additional 568 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in Fidelity Enhanced International ETF during the third quarter worth about $302,000. HighTower Advisors LLC boosted its stake in Fidelity Enhanced International ETF by 33.1% in the 3rd quarter. HighTower Advisors LLC now owns 22,808 shares of the company’s stock worth $691,000 after buying an additional 5,674 shares during the last quarter. Finally, MML Investors Services LLC grew its holdings in Fidelity Enhanced International ETF by 2.7% in the 3rd quarter. MML Investors Services LLC now owns 34,512 shares of the company’s stock valued at $1,045,000 after buying an additional 896 shares during the period.

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.