Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) Short Interest Update

Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) saw a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 1,052,706 shares, an increase of 929.8% from the May 14th total of 102,221 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily trading volume, of 834,850 shares, the short-interest ratio is currently 1.3 days.

Hedge Funds Weigh In On Fidelity Enhanced Large Cap Core ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC raised its stake in shares of Fidelity Enhanced Large Cap Core ETF by 65.4% in the 1st quarter. NewEdge Advisors LLC now owns 1,893,097 shares of the company’s stock valued at $68,663,000 after purchasing an additional 748,283 shares in the last quarter. Maripau Wealth Management LLC raised its stake in shares of Fidelity Enhanced Large Cap Core ETF by 3.9% in the 1st quarter. Maripau Wealth Management LLC now owns 52,456 shares of the company’s stock valued at $1,903,000 after purchasing an additional 1,971 shares in the last quarter. Western Wealth Management LLC acquired a new stake in shares of Fidelity Enhanced Large Cap Core ETF in the 1st quarter valued at about $95,000. Bank of America Corp DE raised its stake in shares of Fidelity Enhanced Large Cap Core ETF by 3.3% in the 1st quarter. Bank of America Corp DE now owns 399,974 shares of the company’s stock valued at $14,507,000 after purchasing an additional 12,937 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Fidelity Enhanced Large Cap Core ETF by 1,173.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 904 shares of the company’s stock valued at $33,000 after purchasing an additional 833 shares in the last quarter.

Fidelity Enhanced Large Cap Core ETF Price Performance

NYSEARCA:FELC opened at $41.33 on Friday. The firm has a 50-day moving average of $40.26 and a two-hundred day moving average of $38.79. The stock has a market cap of $7.21 billion, a P/E ratio of 24.29 and a beta of 1.01. Fidelity Enhanced Large Cap Core ETF has a 1-year low of $32.97 and a 1-year high of $42.66.

About Fidelity Enhanced Large Cap Core ETF

The Fidelity Enhanced Large Cap Core ETF (FELC) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing in large-cap stocks belonging to a broad US equity index. The fund aims for growth of capital FELC was launched on Apr 19, 2007 and is issued by Fidelity.