Fidelity Enhanced International ETF (NYSEARCA:FENI) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Fidelity Enhanced International ETF (NYSEARCA:FENI) saw unusually-high trading volume on Monday . Approximately 764,241 shares traded hands during trading, an increase of 314% from the previous session’s volume of 184,799 shares.The stock last traded at $30.47 and had previously closed at $30.44.

Fidelity Enhanced International ETF Price Performance

The firm has a market cap of $2.20 billion, a P/E ratio of 15.46 and a beta of 0.68. The stock’s 50-day simple moving average is $29.65 and its two-hundred day simple moving average is $29.04.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. First Commonwealth Financial Corp PA increased its stake in Fidelity Enhanced International ETF by 18.6% in the third quarter. First Commonwealth Financial Corp PA now owns 97,446 shares of the company’s stock worth $2,951,000 after purchasing an additional 15,284 shares during the period. Captrust Financial Advisors grew its stake in Fidelity Enhanced International ETF by 270.0% in the 3rd quarter. Captrust Financial Advisors now owns 115,629 shares of the company’s stock worth $3,501,000 after acquiring an additional 84,374 shares in the last quarter. HighTower Advisors LLC increased its position in shares of Fidelity Enhanced International ETF by 33.1% during the third quarter. HighTower Advisors LLC now owns 22,808 shares of the company’s stock worth $691,000 after acquiring an additional 5,674 shares during the period. Jane Street Group LLC bought a new stake in shares of Fidelity Enhanced International ETF during the third quarter valued at approximately $16,935,000. Finally, MML Investors Services LLC boosted its holdings in shares of Fidelity Enhanced International ETF by 2.7% in the third quarter. MML Investors Services LLC now owns 34,512 shares of the company’s stock valued at $1,045,000 after purchasing an additional 896 shares during the period.

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.