Short Interest in Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) Rises By 198.3%

Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) was the recipient of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 286,050 shares, an increase of 198.3% from the May 14th total of 95,901 shares. Based on an average daily volume of 355,926 shares, the short-interest ratio is presently 0.8 days. Currently, 0.2% of the shares of the company are sold short.

Fidelity Enhanced Large Cap Growth ETF Price Performance

FELG opened at $43.04 on Friday. The firm has a fifty day moving average price of $42.56 and a 200 day moving average price of $41.20. Fidelity Enhanced Large Cap Growth ETF has a 1 year low of $35.09 and a 1 year high of $45.63. The stock has a market cap of $5.43 billion, a P/E ratio of 32.16 and a beta of 1.22.

Hedge Funds Weigh In On Fidelity Enhanced Large Cap Growth ETF

Several large investors have recently made changes to their positions in the company. IAG Wealth Partners LLC raised its position in Fidelity Enhanced Large Cap Growth ETF by 2,267.9% during the fourth quarter. IAG Wealth Partners LLC now owns 663 shares of the company’s stock worth $28,000 after acquiring an additional 635 shares during the period. Russell Investments Group Ltd. acquired a new position in Fidelity Enhanced Large Cap Growth ETF during the second quarter worth $40,000. Costello Asset Management INC raised its position in Fidelity Enhanced Large Cap Growth ETF by 51.9% during the fourth quarter. Costello Asset Management INC now owns 1,025 shares of the company’s stock worth $43,000 after acquiring an additional 350 shares during the period. Anchor Investment Management LLC acquired a new position in Fidelity Enhanced Large Cap Growth ETF during the fourth quarter worth $61,000. Finally, Aptus Capital Advisors LLC acquired a new position in Fidelity Enhanced Large Cap Growth ETF during the third quarter worth $62,000.

Fidelity Enhanced Large Cap Growth ETF Company Profile

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.