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

Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 119,721 shares, a drop of 37.6% from the September 30th total of 191,907 shares. Based on an average daily volume of 414,240 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Trading of Fidelity Enhanced Large Cap Growth ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Fidelity Enhanced Large Cap Growth ETF in the third quarter worth $62,000. Latitude Advisors LLC acquired a new position in Fidelity Enhanced Large Cap Growth ETF during the third quarter valued at $100,000. Root Financial Partners LLC purchased a new stake in Fidelity Enhanced Large Cap Growth ETF in the third quarter valued at $122,000. Fifth Third Bancorp boosted its holdings in Fidelity Enhanced Large Cap Growth ETF by 4,727.1% in the first quarter. Fifth Third Bancorp now owns 3,379 shares of the company’s stock valued at $127,000 after purchasing an additional 3,309 shares during the last quarter. Finally, Elevation Wealth Partners LLC acquired a new stake in Fidelity Enhanced Large Cap Growth ETF during the 2nd quarter worth about $153,000.

Fidelity Enhanced Large Cap Growth ETF Stock Down 0.9%

Shares of Fidelity Enhanced Large Cap Growth ETF stock traded down $0.36 on Monday, reaching $41.87. 244,572 shares of the stock were exchanged, compared to its average volume of 532,619. Fidelity Enhanced Large Cap Growth ETF has a twelve month low of $35.92 and a twelve month high of $46.62. The firm has a market capitalization of $5.40 billion, a price-to-earnings ratio of 32.16 and a beta of 1.23. The business has a 50 day moving average price of $44.44 and a two-hundred day moving average price of $42.44.

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.