Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) Stock Short Interest Falls 91.4%

Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) was the target of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 64,574 shares, a drop of 91.4% from the September 15th total of 754,499 shares. Based on an average daily volume of 382,316 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Fidelity Enhanced Large Cap Value ETF Price Performance

NYSEARCA FELV traded up $0.25 during trading on Friday, reaching $42.31. 404,254 shares of the company’s stock were exchanged, compared to its average volume of 207,807. The business has a 50 day moving average price of $42.45 and a 200-day moving average price of $40.01. The stock has a market capitalization of $3.49 billion, a P/E ratio of 18.67 and a beta of 0.78. Fidelity Enhanced Large Cap Value ETF has a fifty-two week low of $32.73 and a fifty-two week high of $43.26.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FELV. Independence Financial Advisors LLC raised its holdings in Fidelity Enhanced Large Cap Value ETF by 4.3% in the 3rd quarter. Independence Financial Advisors LLC now owns 700,113 shares of the company’s stock valued at $28,964,000 after acquiring an additional 29,003 shares during the period. Citadel Advisors LLC acquired a new stake in Fidelity Enhanced Large Cap Value ETF during the second quarter worth approximately $1,039,000. Envestnet Asset Management Inc. boosted its holdings in shares of Fidelity Enhanced Large Cap Value ETF by 28.0% during the second quarter. Envestnet Asset Management Inc. now owns 93,705 shares of the company’s stock worth $3,757,000 after acquiring an additional 20,470 shares during the period. JFS Wealth Advisors LLC boosted its holdings in shares of Fidelity Enhanced Large Cap Value ETF by 238.6% during the second quarter. JFS Wealth Advisors LLC now owns 24,024 shares of the company’s stock worth $963,000 after acquiring an additional 16,928 shares during the period. Finally, Alchemi Wealth LLC acquired a new position in shares of Fidelity Enhanced Large Cap Value ETF in the fourth quarter valued at approximately $580,000.

About Fidelity Enhanced Large Cap Value ETF

The Fidelity Enhanced Large Cap Value ETF (FELV) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing in large-cap value stocks belonging to a broad US equity value index. The fund aims for growth of capital FELV was launched on Apr 19, 2007 and is issued by Fidelity.