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

Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) saw a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 53,285 shares, a decline of 40.2% from the May 31st total of 89,035 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 122,831 shares, the short-interest ratio is currently 0.4 days.

Fidelity Enhanced Large Cap Value ETF Price Performance

Shares of Fidelity Enhanced Large Cap Value ETF stock remained flat at $40.63 during trading hours on Friday. The company’s stock had a trading volume of 107,731 shares, compared to its average volume of 191,460. Fidelity Enhanced Large Cap Value ETF has a one year low of $31.26 and a one year high of $40.63. The company’s 50-day moving average is $39.00 and its two-hundred day moving average is $36.87. The company has a market capitalization of $3.51 billion, a price-to-earnings ratio of 18.67 and a beta of 0.78.

Hedge Funds Weigh In On Fidelity Enhanced Large Cap Value ETF

Large investors have recently added to or reduced their stakes in the business. LPL Financial LLC boosted its holdings in shares of Fidelity Enhanced Large Cap Value ETF by 33.3% in the 4th quarter. LPL Financial LLC now owns 582,791 shares of the company’s stock valued at $20,200,000 after purchasing an additional 145,721 shares during the last quarter. Pathfinder Wealth Consulting Inc. purchased a new stake in shares of Fidelity Enhanced Large Cap Value ETF during the 4th quarter valued at $3,841,000. Royal Bank of Canada increased its holdings in shares of Fidelity Enhanced Large Cap Value ETF by 114.4% during the 4th quarter. Royal Bank of Canada now owns 184,397 shares of the company’s stock worth $6,392,000 after buying an additional 98,380 shares during the last quarter. Align Financial LLC acquired a new stake in shares of Fidelity Enhanced Large Cap Value ETF during the 4th quarter worth $2,424,000. Finally, Raymond James Financial Inc. raised its position in shares of Fidelity Enhanced Large Cap Value ETF by 86.8% in the 2nd quarter. Raymond James Financial Inc. now owns 126,084 shares of the company’s stock worth $4,006,000 after buying an additional 58,582 shares during the period.

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.