Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) Sees Large Decline in Short Interest

Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) saw a significant decline in short interest in May. As of May 15th, there was short interest totaling 55,003 shares, a decline of 48.1% from the April 30th total of 105,917 shares. Based on an average daily volume of 151,613 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. LPL Financial LLC increased its position in Fidelity Enhanced Large Cap Value ETF by 33.3% during the fourth quarter. LPL Financial LLC now owns 582,791 shares of the company’s stock valued at $20,200,000 after acquiring an additional 145,721 shares during the last quarter. Pathfinder Wealth Consulting Inc. purchased a new stake in Fidelity Enhanced Large Cap Value ETF during the fourth quarter valued at $3,841,000. Royal Bank of Canada increased its position in Fidelity Enhanced Large Cap Value ETF by 114.4% during the fourth quarter. Royal Bank of Canada now owns 184,397 shares of the company’s stock valued at $6,392,000 after acquiring an additional 98,380 shares during the last quarter. Align Financial LLC purchased a new stake in Fidelity Enhanced Large Cap Value ETF during the fourth quarter valued at $2,424,000. Finally, Raymond James Financial Inc. increased its position in Fidelity Enhanced Large Cap Value ETF by 86.8% during the second quarter. Raymond James Financial Inc. now owns 126,084 shares of the company’s stock valued at $4,006,000 after acquiring an additional 58,582 shares during the last quarter.

Fidelity Enhanced Large Cap Value ETF Stock Performance

Shares of FELV stock remained flat at $39.25 during mid-day trading on Monday. The stock had a trading volume of 124,156 shares, compared to its average volume of 199,129. Fidelity Enhanced Large Cap Value ETF has a 52-week low of $30.53 and a 52-week high of $39.45. The company has a 50-day moving average of $36.99 and a 200-day moving average of $35.90. The firm has a market capitalization of $3.01 billion, a PE ratio of 18.67 and a beta of 0.82.

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.