Fidelity Enhanced US All-Cap Equity ETF (NYSEARCA:FEAC) Stock Short Interest Drops 71.2%

Fidelity Enhanced US All-Cap Equity ETF (NYSEARCA:FEAC) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totaling 1,486 shares, a decrease of 71.2% from the August 31st total of 5,166 shares. Based on an average daily volume of 3,222 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.3% of the shares of the company are short sold.

Fidelity Enhanced US All-Cap Equity ETF Trading Down 0.7%

Shares of NYSEARCA:FEAC traded down $0.24 on Monday, hitting $32.93. 6,224 shares of the company were exchanged, compared to its average volume of 8,141. Fidelity Enhanced US All-Cap Equity ETF has a 1-year low of $26.95 and a 1-year high of $34.05. The stock’s 50 day moving average price is $33.07 and its 200 day moving average price is $31.57. The firm has a market capitalization of $16.46 million, a P/E ratio of 22.69 and a beta of 0.99.

Institutional Trading of Fidelity Enhanced US All-Cap Equity ETF

A hedge fund recently bought a new position in Fidelity Enhanced US All-Cap Equity ETF stock. Concurrent Investment Advisors LLC purchased a new stake in shares of Fidelity Enhanced US All-Cap Equity ETF (NYSEARCA:FEAC) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 688,161 shares of the company’s stock, valued at approximately $22,257,000. Concurrent Investment Advisors LLC owned about 132.34% of Fidelity Enhanced US All-Cap Equity ETF as of its most recent filing with the SEC. 40.83% of the stock is owned by hedge funds and other institutional investors.

About Fidelity Enhanced US All-Cap Equity ETF

The Fidelity Enhanced U.S. All-Cap Equity ETF (FEAC) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, investing in US equity securities across all market capitalizations. The fund aims for capital growth