Short Interest in Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) Declines By 40.2%

Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) saw a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 53,285 shares, a decline of 40.2% from the May 31st total of 89,035 shares. Based on an average daily volume of 122,831 shares, the short-interest ratio is presently 0.4 days. Currently, 0.1% of the shares of the company are sold short.

Fidelity Enhanced Large Cap Value ETF Trading Up 0.2%

Shares of FELV stock traded up $0.09 during trading on Wednesday, reaching $40.18. 317,776 shares of the company’s stock traded hands, compared to its average volume of 192,136. The company has a market capitalization of $3.08 billion, a P/E ratio of 18.67 and a beta of 0.81. The firm’s 50-day moving average is $38.92 and its 200 day moving average is $36.83. Fidelity Enhanced Large Cap Value ETF has a 1 year low of $31.26 and a 1 year high of $40.58.

Institutional Investors Weigh In On Fidelity Enhanced Large Cap Value ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. LPL Financial LLC lifted its position in shares of Fidelity Enhanced Large Cap Value ETF by 33.3% during the fourth quarter. LPL Financial LLC now owns 582,791 shares of the company’s stock worth $20,200,000 after acquiring an additional 145,721 shares in the last quarter. Pathfinder Wealth Consulting Inc. purchased a new position in shares of Fidelity Enhanced Large Cap Value ETF in the fourth quarter valued at $3,841,000. Royal Bank of Canada grew its position in shares of Fidelity Enhanced Large Cap Value ETF by 114.4% in the fourth quarter. Royal Bank of Canada now owns 184,397 shares of the company’s stock valued at $6,392,000 after purchasing an additional 98,380 shares in the last quarter. Align Financial LLC bought a new stake in shares of Fidelity Enhanced Large Cap Value ETF during the 4th quarter valued at $2,424,000. Finally, Raymond James Financial Inc. lifted its holdings in Fidelity Enhanced Large Cap Value ETF by 86.8% during the 2nd quarter. Raymond James Financial Inc. now owns 126,084 shares of the company’s stock worth $4,006,000 after purchasing an additional 58,582 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.