Short Interest in Fidelity Fundamental Large Cap Growth ETF (BATS:FFLG) Declines By 43.2%

Fidelity Fundamental Large Cap Growth ETF (BATS:FFLG) was the recipient of a large drop in short interest in June. As of June 15th, there was short interest totaling 90,948 shares, a drop of 43.2% from the May 31st total of 160,038 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily volume of 104,816 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FFLG. J.W. Cole Advisors Inc. raised its stake in Fidelity Fundamental Large Cap Growth ETF by 2.6% during the fourth quarter. J.W. Cole Advisors Inc. now owns 14,910 shares of the company’s stock worth $446,000 after acquiring an additional 381 shares in the last quarter. CLG LLC boosted its stake in shares of Fidelity Fundamental Large Cap Growth ETF by 6.2% in the 3rd quarter. CLG LLC now owns 8,470 shares of the company’s stock valued at $250,000 after purchasing an additional 492 shares in the last quarter. Benjamin Edwards Inc. boosted its stake in shares of Fidelity Fundamental Large Cap Growth ETF by 2.9% in the 2nd quarter. Benjamin Edwards Inc. now owns 19,518 shares of the company’s stock valued at $519,000 after purchasing an additional 546 shares in the last quarter. PKS Advisory Services LLC grew its holdings in shares of Fidelity Fundamental Large Cap Growth ETF by 7.1% during the 3rd quarter. PKS Advisory Services LLC now owns 12,113 shares of the company’s stock valued at $357,000 after purchasing an additional 800 shares during the last quarter. Finally, Costello Asset Management INC grew its holdings in shares of Fidelity Fundamental Large Cap Growth ETF by 4.6% during the 4th quarter. Costello Asset Management INC now owns 20,543 shares of the company’s stock valued at $615,000 after purchasing an additional 900 shares during the last quarter.

Fidelity Fundamental Large Cap Growth ETF Stock Performance

Shares of FFLG opened at $34.68 on Wednesday. Fidelity Fundamental Large Cap Growth ETF has a 52-week low of $26.21 and a 52-week high of $35.33. The firm has a market cap of $577.42 million, a price-to-earnings ratio of 34.87 and a beta of 1.27. The business’s fifty day moving average is $33.62 and its 200-day moving average is $30.96.

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.