Fidelity Blue Chip Growth ETF (BATS:FBCG) Sees Significant Decrease in Short Interest

Fidelity Blue Chip Growth ETF (BATS:FBCG) was the recipient of a significant decline in short interest in May. As of May 29th, there was short interest totaling 112,648 shares, a decline of 68.3% from the May 14th total of 355,668 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 583,719 shares, the days-to-cover ratio is currently 0.2 days.

Fidelity Blue Chip Growth ETF Stock Performance

Shares of Fidelity Blue Chip Growth ETF stock traded up $0.15 on Friday, hitting $61.04. The stock had a trading volume of 672,160 shares, compared to its average volume of 629,652. The stock has a 50 day moving average of $58.99 and a 200 day moving average of $55.53. Fidelity Blue Chip Growth ETF has a twelve month low of $45.20 and a twelve month high of $64.32. The firm has a market capitalization of $5.54 billion, a P/E ratio of 29.62 and a beta of 1.32.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FBCG. Marshall Wace LLP acquired a new position in shares of Fidelity Blue Chip Growth ETF in the second quarter valued at approximately $1,040,000. Raymond James Financial Inc. acquired a new position in shares of Fidelity Blue Chip Growth ETF in the second quarter valued at approximately $203,000. Ausdal Financial Partners Inc. increased its stake in shares of Fidelity Blue Chip Growth ETF by 23.3% in the second quarter. Ausdal Financial Partners Inc. now owns 6,195 shares of the company’s stock valued at $299,000 after buying an additional 1,172 shares during the period. Florida Financial Advisors LLC increased its stake in shares of Fidelity Blue Chip Growth ETF by 29.6% in the second quarter. Florida Financial Advisors LLC now owns 10,001 shares of the company’s stock valued at $482,000 after buying an additional 2,285 shares during the period. Finally, CLG LLC increased its stake in shares of Fidelity Blue Chip Growth ETF by 55.4% in the second quarter. CLG LLC now owns 90,057 shares of the company’s stock valued at $4,344,000 after buying an additional 32,089 shares during the period.

Fidelity Blue Chip Growth ETF Company Profile

The Fidelity Blue Chip Growth ETF (FBCG) is an exchange-traded fund that is based on the Russell 1000 Growth index. The fund is an actively-managed, non-transparent fund of fundamentally-selected global growth stocks. The fund utilizes the Fidelity non-transparent model. FBCG was launched on Jun 3, 2020 and is managed by Fidelity.