Fidelity Blue Chip Growth ETF (BATS:FBCG) Stock Short Interest Climbs 120.4%

Fidelity Blue Chip Growth ETF (BATS:FBCG) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 560,521 shares, an increase of 120.4% from the September 15th total of 254,350 shares. Currently, 0.6% of the shares of the company are short sold. Based on an average daily volume of 647,205 shares, the short-interest ratio is presently 0.9 days.

Institutional Trading of Fidelity Blue Chip Growth ETF

Institutional investors have recently modified their holdings of the stock. Align Financial LLC purchased a new stake in Fidelity Blue Chip Growth ETF during the fourth quarter valued at about $845,406,000. Envestnet Asset Management Inc. grew its position in shares of Fidelity Blue Chip Growth ETF by 7.0% in the second quarter. Envestnet Asset Management Inc. now owns 2,859,109 shares of the company’s stock valued at $177,579,000 after purchasing an additional 187,169 shares in the last quarter. Cetera Investment Advisers lifted its holdings in Fidelity Blue Chip Growth ETF by 26.4% during the 1st quarter. Cetera Investment Advisers now owns 1,431,942 shares of the company’s stock worth $71,769,000 after purchasing an additional 298,784 shares in the last quarter. KFA Private Wealth Group LLC bought a new position in shares of Fidelity Blue Chip Growth ETF in the third quarter valued at approximately $67,022,000. Finally, MML Investors Services LLC lifted its stake in Fidelity Blue Chip Growth ETF by 4.8% in the 4th quarter. MML Investors Services LLC now owns 1,179,739 shares of the company’s stock worth $64,697,000 after purchasing an additional 54,074 shares in the last quarter.

Fidelity Blue Chip Growth ETF Stock Performance

FBCG opened at $61.87 on Thursday. The stock has a fifty day moving average of $62.51 and a 200-day moving average of $60.49. The company has a market capitalization of $5.61 billion, a P/E ratio of 29.62 and a beta of 1.32. Fidelity Blue Chip Growth ETF has a fifty-two week low of $47.60 and a fifty-two week high of $65.17.

Fidelity Blue Chip Growth ETF Company Profile

The Fidelity Blue Chip Growth ETF (FBCG) is an exchange-traded fund that is based on the Russell 1000 Growth index. The fund is an actively-managed, non-transparent fund of fundamentally-selected global growth stocks. The fund utilizes the Fidelity non-transparent model. FBCG was launched on Jun 3, 2020 and is managed by Fidelity.