Fidelity Fundamental Large Cap Growth ETF (BATS:FFLG) Sees Significant Growth in Short Interest

Fidelity Fundamental Large Cap Growth ETF (BATS:FFLG) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 243,145 shares, a growth of 509.0% from the June 30th total of 39,927 shares. Approximately 1.5% of the shares of the company are short sold. Based on an average daily volume of 91,186 shares, the short-interest ratio is currently 2.7 days.

Fidelity Fundamental Large Cap Growth ETF Stock Performance

BATS:FFLG opened at $31.88 on Friday. The firm’s 50-day moving average is $33.70 and its 200-day moving average is $31.35. The company has a market cap of $530.80 million, a price-to-earnings ratio of 34.87 and a beta of 1.27. Fidelity Fundamental Large Cap Growth ETF has a 52-week low of $26.40 and a 52-week high of $35.33.

Institutional Investors Weigh In On Fidelity Fundamental Large Cap Growth ETF

A number of institutional investors have recently added to or reduced their stakes in FFLG. Northwestern Mutual Wealth Management Co. increased its stake in Fidelity Fundamental Large Cap Growth ETF by 4,717.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,975 shares of the company’s stock valued at $59,000 after acquiring an additional 1,934 shares during the period. MWA Asset Management acquired a new stake in shares of Fidelity Fundamental Large Cap Growth ETF during the 1st quarter worth approximately $78,000. Bank of Montreal Can bought a new stake in shares of Fidelity Fundamental Large Cap Growth ETF during the fourth quarter valued at approximately $115,000. Ausdal Financial Partners Inc. bought a new stake in shares of Fidelity Fundamental Large Cap Growth ETF during the fourth quarter valued at approximately $203,000. Finally, High Point Wealth Management LLC bought a new stake in shares of Fidelity Fundamental Large Cap Growth ETF during the fourth quarter valued at approximately $210,000.

About Fidelity Fundamental Large Cap Growth ETF

The Fidelity Fundamental Large Cap Growth ETF (FFLG) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund that invests in large-cap growth stocks from US and foreign issuers. Stocks are selected based on fundamental factors FFLG was launched on Feb 2, 2021 and is issued by Fidelity.