Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) Sees Large Increase in Short Interest

Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totaling 754,499 shares, a growth of 663.9% from the August 31st total of 98,767 shares. Based on an average trading volume of 243,544 shares, the short-interest ratio is currently 3.1 days. Currently, 0.9% of the company’s stock are short sold.

Fidelity Enhanced Large Cap Value ETF Stock Performance

FELV traded down $0.07 during trading on Thursday, reaching $41.77. 260,522 shares of the stock were exchanged, compared to its average volume of 197,652. The stock has a market cap of $3.38 billion, a P/E ratio of 18.67 and a beta of 0.76. Fidelity Enhanced Large Cap Value ETF has a twelve month low of $32.73 and a twelve month high of $43.26. The stock’s 50 day moving average price is $42.36 and its two-hundred day moving average price is $39.54.

Institutional Investors Weigh In On Fidelity Enhanced Large Cap Value ETF

Several institutional investors have recently made changes to their positions in FELV. Citadel Advisors LLC acquired a new stake in Fidelity Enhanced Large Cap Value ETF in the second quarter valued at about $1,039,000. Envestnet Asset Management Inc. boosted its stake in shares of Fidelity Enhanced Large Cap Value ETF by 28.0% during the second quarter. Envestnet Asset Management Inc. now owns 93,705 shares of the company’s stock valued at $3,757,000 after purchasing an additional 20,470 shares in the last quarter. JFS Wealth Advisors LLC grew its holdings in Fidelity Enhanced Large Cap Value ETF by 238.6% during the 2nd quarter. JFS Wealth Advisors LLC now owns 24,024 shares of the company’s stock worth $963,000 after acquiring an additional 16,928 shares during the last quarter. Alchemi Wealth LLC acquired a new stake in Fidelity Enhanced Large Cap Value ETF in the fourth quarter valued at $580,000. Finally, Evansbrook LLC bought a new position in shares of Fidelity Enhanced Large Cap Value ETF during the fourth quarter worth about $504,000.

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.