Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) Short Interest Down 75.8% in June

Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) was the recipient of a large drop in short interest in June. As of June 15th, there was short interest totaling 69,152 shares, a drop of 75.8% from the May 31st total of 286,050 shares. Based on an average daily trading volume, of 601,985 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Trading of Fidelity Enhanced Large Cap Growth ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC lifted its stake in Fidelity Enhanced Large Cap Growth ETF by 35.9% in the 1st quarter. NewEdge Advisors LLC now owns 70,391 shares of the company’s stock valued at $2,639,000 after buying an additional 18,605 shares in the last quarter. Financial Solutions Advisory Group Inc. purchased a new stake in Fidelity Enhanced Large Cap Growth ETF during the 1st quarter worth approximately $294,000. Cozad Asset Management Inc. increased its stake in Fidelity Enhanced Large Cap Growth ETF by 14.8% during the 1st quarter. Cozad Asset Management Inc. now owns 7,971 shares of the company’s stock worth $299,000 after buying an additional 1,029 shares in the last quarter. Summit Financial Wealth Advisors LLC raised its holdings in shares of Fidelity Enhanced Large Cap Growth ETF by 71.1% during the first quarter. Summit Financial Wealth Advisors LLC now owns 18,037 shares of the company’s stock valued at $676,000 after acquiring an additional 7,496 shares during the last quarter. Finally, Vestor Capital LLC lifted its position in shares of Fidelity Enhanced Large Cap Growth ETF by 101.5% in the first quarter. Vestor Capital LLC now owns 8,724 shares of the company’s stock valued at $327,000 after acquiring an additional 4,395 shares in the last quarter.

Fidelity Enhanced Large Cap Growth ETF Stock Performance

Shares of NYSEARCA FELG opened at $42.19 on Friday. The firm has a fifty day moving average of $43.36 and a 200 day moving average of $41.29. The firm has a market cap of $5.32 billion, a PE ratio of 32.16 and a beta of 1.22. Fidelity Enhanced Large Cap Growth ETF has a one year low of $35.92 and a one year high of $45.63.

Fidelity Enhanced Large Cap Growth ETF Company Profile

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