Fidelity Blue Chip Growth ETF (BATS:FBCG) Sees Large Decline in Short Interest

Fidelity Blue Chip Growth ETF (BATS:FBCG) was the target of a significant decline in short interest in May. As of May 29th, there was short interest totaling 112,648 shares, a decline of 68.3% from the May 14th total of 355,668 shares. Based on an average trading volume of 583,719 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Trading of Fidelity Blue Chip Growth ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Hantz Financial Services Inc. acquired a new stake in Fidelity Blue Chip Growth ETF during the third quarter valued at approximately $26,000. Arax Advisory Partners acquired a new stake in Fidelity Blue Chip Growth ETF during the fourth quarter valued at approximately $35,000. NBC Securities Inc. acquired a new stake in Fidelity Blue Chip Growth ETF during the fourth quarter valued at approximately $35,000. Meramec Financial Planners LLC acquired a new stake in Fidelity Blue Chip Growth ETF during the first quarter valued at approximately $51,000. Finally, Royal Bank of Canada raised its stake in Fidelity Blue Chip Growth ETF by 104.0% during the fourth quarter. Royal Bank of Canada now owns 1,112 shares of the company’s stock valued at $61,000 after buying an additional 567 shares in the last quarter.

Fidelity Blue Chip Growth ETF Trading Up 0.4%

BATS FBCG traded up $0.22 on Friday, hitting $61.11. 393,498 shares of the stock traded hands, compared to its average volume of 626,955. The stock has a 50-day moving average of $58.78 and a 200 day moving average of $55.49. Fidelity Blue Chip Growth ETF has a twelve month low of $45.20 and a twelve month high of $64.32. The company has a market capitalization of $5.55 billion, a P/E ratio of 29.62 and a beta of 1.32.

About Fidelity Blue Chip Growth ETF

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.