Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) Sees Significant Increase in Short Interest

Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELCGet Free Report) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 235,872 shares, an increase of 93.3% from the July 15th total of 122,018 shares. Based on an average trading volume of 692,389 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Trading of Fidelity Enhanced Large Cap Core ETF

Several hedge funds have recently added to or reduced their stakes in FELC. Money Concepts Capital Corp acquired a new position in shares of Fidelity Enhanced Large Cap Core ETF during the 4th quarter valued at $546,000. M Holdings Securities Inc. purchased a new position in shares of Fidelity Enhanced Large Cap Core ETF in the fourth quarter worth approximately $2,179,000. Storgate LLC acquired a new position in Fidelity Enhanced Large Cap Core ETF in the 4th quarter worth approximately $467,000. Clearwave Capital LLC acquired a new stake in Fidelity Enhanced Large Cap Core ETF during the 4th quarter valued at $6,308,000. Finally, Farther Finance Advisors LLC raised its stake in Fidelity Enhanced Large Cap Core ETF by 392.1% during the 4th quarter. Farther Finance Advisors LLC now owns 89,991 shares of the company’s stock valued at $3,435,000 after purchasing an additional 71,705 shares during the period.

Fidelity Enhanced Large Cap Core ETF Stock Down 0.5%

FELC stock opened at $43.98 on Tuesday. The stock has a market cap of $8.29 billion, a PE ratio of 24.29 and a beta of 1.00. The firm’s 50-day simple moving average is $42.34 and its 200 day simple moving average is $40.17. Fidelity Enhanced Large Cap Core ETF has a fifty-two week low of $35.10 and a fifty-two week high of $44.36.

About Fidelity Enhanced Large Cap Core ETF

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

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