Fidelity Fundamental Large Cap Core ETF (BATS:FFLC) Sees Significant Decline in Short Interest

Fidelity Fundamental Large Cap Core ETF (BATS:FFLC) was the target of a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 36,125 shares, a decrease of 47.3% from the April 30th total of 68,606 shares. Based on an average daily volume of 88,910 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the shares of the stock are short sold.

Institutional Investors Weigh In On Fidelity Fundamental Large Cap Core ETF

Several large investors have recently made changes to their positions in FFLC. Commonwealth Equity Services LLC grew its holdings in shares of Fidelity Fundamental Large Cap Core ETF by 10.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 1,338,379 shares of the company’s stock worth $71,416,000 after purchasing an additional 125,961 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Fidelity Fundamental Large Cap Core ETF by 19,645.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 109,588 shares of the company’s stock worth $5,466,000 after purchasing an additional 109,033 shares during the last quarter. LPL Financial LLC grew its holdings in shares of Fidelity Fundamental Large Cap Core ETF by 11.1% in the 4th quarter. LPL Financial LLC now owns 1,016,452 shares of the company’s stock worth $54,238,000 after purchasing an additional 101,584 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of Fidelity Fundamental Large Cap Core ETF by 1,395.3% in the 1st quarter. Jane Street Group LLC now owns 108,652 shares of the company’s stock worth $4,726,000 after purchasing an additional 101,386 shares during the last quarter. Finally, Tactive Advisors LLC grew its holdings in shares of Fidelity Fundamental Large Cap Core ETF by 32.8% in the 4th quarter. Tactive Advisors LLC now owns 273,654 shares of the company’s stock worth $14,602,000 after purchasing an additional 67,531 shares during the last quarter.

Fidelity Fundamental Large Cap Core ETF Stock Performance

FFLC opened at $59.09 on Tuesday. The firm’s 50-day simple moving average is $55.63 and its 200-day simple moving average is $54.31. Fidelity Fundamental Large Cap Core ETF has a twelve month low of $45.78 and a twelve month high of $59.30. The firm has a market cap of $933.62 million, a price-to-earnings ratio of 24.24 and a beta of 0.94.

Fidelity Fundamental Large Cap Core ETF Company Profile

The Fidelity Fundamental Large Cap Core ETF (FFLC) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed core portfolio of large-cap stocks from US and foreign issuers. Stocks are selected based on fundamental factors. FFLC was launched on Jun 3, 2020 and is issued by Fidelity.