Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) Sees Significant Growth in Short Interest

Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) was the target of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 235,920 shares, a growth of 355.9% from the July 15th total of 51,748 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 340,493 shares, the short-interest ratio is currently 0.7 days.

Hedge Funds Weigh In On Fidelity Enhanced Large Cap Growth ETF

A number of hedge funds have recently made changes to their positions in the company. IAG Wealth Partners LLC boosted its stake in Fidelity Enhanced Large Cap Growth ETF by 2,267.9% during the 4th quarter. IAG Wealth Partners LLC now owns 663 shares of the company’s stock worth $28,000 after purchasing an additional 635 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of Fidelity Enhanced Large Cap Growth ETF during the 2nd quarter valued at approximately $40,000. Costello Asset Management INC raised its position in shares of Fidelity Enhanced Large Cap Growth ETF by 51.9% during the 4th quarter. Costello Asset Management INC now owns 1,025 shares of the company’s stock valued at $43,000 after buying an additional 350 shares during the period. Anchor Investment Management LLC acquired a new position in shares of Fidelity Enhanced Large Cap Growth ETF in the 4th quarter valued at $61,000. Finally, Aptus Capital Advisors LLC purchased a new position in Fidelity Enhanced Large Cap Growth ETF during the third quarter worth about $62,000.

Fidelity Enhanced Large Cap Growth ETF Stock Up 0.8%

Shares of FELG stock traded up $0.37 on Wednesday, hitting $44.59. The company had a trading volume of 150,124 shares, compared to its average volume of 592,963. Fidelity Enhanced Large Cap Growth ETF has a twelve month low of $35.92 and a twelve month high of $45.63. The firm has a market cap of $5.74 billion, a P/E ratio of 32.16 and a beta of 1.24. The company has a 50-day moving average price of $43.29 and a 200-day moving average price of $41.66.

About Fidelity Enhanced Large Cap Growth ETF

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.