Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) Sees Large Decline in Short Interest

Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) was the recipient of a large decline in short interest in May. As of May 15th, there was short interest totaling 95,901 shares, a decline of 68.9% from the April 30th total of 308,816 shares. Based on an average daily volume of 370,128 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the company’s shares are sold short.

Fidelity Enhanced Large Cap Growth ETF Stock Up 0.6%

Shares of Fidelity Enhanced Large Cap Growth ETF stock traded up $0.25 during midday trading on Friday, hitting $45.14. The company’s stock had a trading volume of 352,717 shares, compared to its average volume of 661,941. The firm has a market capitalization of $5.70 billion, a P/E ratio of 32.16 and a beta of 1.21. Fidelity Enhanced Large Cap Growth ETF has a 1-year low of $34.37 and a 1-year high of $45.26. The stock has a 50-day simple moving average of $41.28 and a 200-day simple moving average of $41.01.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Cozad Asset Management Inc. lifted its position in shares of Fidelity Enhanced Large Cap Growth ETF by 14.8% in the first quarter. Cozad Asset Management Inc. now owns 7,971 shares of the company’s stock worth $299,000 after buying an additional 1,029 shares during the last quarter. Summit Financial Wealth Advisors LLC boosted its stake in shares of Fidelity Enhanced Large Cap Growth ETF by 71.1% in the 1st quarter. Summit Financial Wealth Advisors LLC now owns 18,037 shares of the company’s stock valued at $676,000 after purchasing an additional 7,496 shares in the last quarter. Vestor Capital LLC raised its position in Fidelity Enhanced Large Cap Growth ETF by 101.5% in the 1st quarter. Vestor Capital LLC now owns 8,724 shares of the company’s stock valued at $327,000 after purchasing an additional 4,395 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of Fidelity Enhanced Large Cap Growth ETF by 12.5% in the first quarter. NewEdge Advisors LLC now owns 58,261 shares of the company’s stock valued at $2,184,000 after buying an additional 6,475 shares during the last quarter. Finally, Bradley Foster & Sargent Inc. CT increased its position in Fidelity Enhanced Large Cap Growth ETF by 6.3% in the 1st quarter. Bradley Foster & Sargent Inc. CT now owns 6,493 shares of the company’s stock valued at $243,000 after acquiring an additional 382 shares in the last quarter.

About Fidelity Enhanced Large Cap Growth ETF

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