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

Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 191,907 shares, an increase of 269.8% from the September 15th total of 51,899 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 336,688 shares, the days-to-cover ratio is presently 0.6 days.

Fidelity Enhanced Large Cap Growth ETF Stock Down 0.3%

Fidelity Enhanced Large Cap Growth ETF stock traded down $0.15 during trading hours on Tuesday, hitting $45.50. The stock had a trading volume of 224,026 shares, compared to its average volume of 545,685. The stock has a market capitalization of $5.84 billion, a P/E ratio of 32.16 and a beta of 1.23. Fidelity Enhanced Large Cap Growth ETF has a 12-month low of $35.92 and a 12-month high of $46.62. The stock’s 50-day moving average price is $44.61 and its 200-day moving average price is $43.18.

Institutional Investors Weigh In On Fidelity Enhanced Large Cap Growth ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Anchor Investment Management LLC bought a new position in Fidelity Enhanced Large Cap Growth ETF in the 4th quarter valued at approximately $61,000. Fifth Third Bancorp boosted its stake in Fidelity Enhanced Large Cap Growth ETF by 4,727.1% during the 1st quarter. Fifth Third Bancorp now owns 3,379 shares of the company’s stock valued at $127,000 after purchasing an additional 3,309 shares during the last quarter. Elevation Wealth Partners LLC bought a new stake in shares of Fidelity Enhanced Large Cap Growth ETF in the 2nd quarter worth $153,000. CoreCap Advisors LLC increased its holdings in shares of Fidelity Enhanced Large Cap Growth ETF by 15.0% in the 3rd quarter. CoreCap Advisors LLC now owns 3,581 shares of the company’s stock worth $161,000 after purchasing an additional 468 shares in the last quarter. Finally, Merkkuri Wealth Advisors LLC bought a new stake in shares of Fidelity Enhanced Large Cap Growth ETF in the 1st quarter worth $168,000.

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.