Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) Short Interest Up 61.9% in May

Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) was the target of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 89,035 shares, a growth of 61.9% from the May 14th total of 55,003 shares. Based on an average trading volume of 123,321 shares, the short-interest ratio is currently 0.7 days. Currently, 0.1% of the company’s stock are sold short.

Fidelity Enhanced Large Cap Value ETF Stock Down 0.2%

Fidelity Enhanced Large Cap Value ETF stock opened at $40.24 on Wednesday. Fidelity Enhanced Large Cap Value ETF has a 52 week low of $30.80 and a 52 week high of $40.58. The company has a market capitalization of $3.09 billion, a price-to-earnings ratio of 18.67 and a beta of 0.81. The stock has a 50-day moving average price of $38.12 and a 200 day moving average price of $36.40.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of FELV. Founders Financial Alliance LLC acquired a new position in Fidelity Enhanced Large Cap Value ETF in the third quarter valued at approximately $25,000. Holos Integrated Wealth LLC purchased a new stake in shares of Fidelity Enhanced Large Cap Value ETF during the fourth quarter worth approximately $31,000. Assetmark Inc. increased its position in shares of Fidelity Enhanced Large Cap Value ETF by 178.6% during the fourth quarter. Assetmark Inc. now owns 1,482 shares of the company’s stock worth $51,000 after purchasing an additional 950 shares in the last quarter. SHP Wealth Management purchased a new stake in shares of Fidelity Enhanced Large Cap Value ETF during the fourth quarter worth approximately $53,000. Finally, CoreCap Advisors LLC increased its position in shares of Fidelity Enhanced Large Cap Value ETF by 430.2% during the fourth quarter. CoreCap Advisors LLC now owns 2,301 shares of the company’s stock worth $80,000 after purchasing an additional 1,867 shares in the last quarter.

Fidelity Enhanced Large Cap Value ETF Company Profile

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.