Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) Short Interest Update

Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) was the recipient of a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 8,142 shares, a drop of 94.3% from the January 15th total of 143,046 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 129,033 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 129,033 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of FELV. Commonwealth Equity Services LLC raised its stake in shares of Fidelity Enhanced Large Cap Value ETF by 4.4% in the third quarter. Commonwealth Equity Services LLC now owns 1,804,538 shares of the company’s stock worth $60,506,000 after acquiring an additional 76,667 shares during the last quarter. Independence Financial Advisors LLC increased its holdings in shares of Fidelity Enhanced Large Cap Value ETF by 3.6% in the fourth quarter. Independence Financial Advisors LLC now owns 949,124 shares of the company’s stock valued at $32,897,000 after purchasing an additional 32,828 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Fidelity Enhanced Large Cap Value ETF by 25.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 842,672 shares of the company’s stock worth $26,772,000 after purchasing an additional 173,460 shares during the last quarter. Sowa Financial Group Inc. lifted its holdings in Fidelity Enhanced Large Cap Value ETF by 3.5% during the 4th quarter. Sowa Financial Group Inc. now owns 648,068 shares of the company’s stock worth $22,462,000 after buying an additional 21,757 shares in the last quarter. Finally, Weil Company Inc. acquired a new position in Fidelity Enhanced Large Cap Value ETF during the 2nd quarter worth $8,054,000.

Fidelity Enhanced Large Cap Value ETF Stock Performance

Shares of FELV stock traded down $0.09 during trading hours on Tuesday, hitting $36.55. The company had a trading volume of 269,779 shares, compared to its average volume of 168,007. Fidelity Enhanced Large Cap Value ETF has a 12 month low of $26.48 and a 12 month high of $36.73. The firm’s fifty day moving average is $35.36 and its 200 day moving average is $33.98. The firm has a market capitalization of $2.74 billion, a price-to-earnings ratio of 18.67 and a beta of 0.86.

About Fidelity Enhanced Large Cap Value ETF

The Fidelity Enhanced Large Cap Value ETF (FELV) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing in large-cap value stocks belonging to a broad US equity value index. The fund aims for growth of capital FELV was launched on Apr 19, 2007 and is issued by Fidelity.