Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) Short Interest Down 68.9% in May

Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) was the target of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 95,901 shares, a decline of 68.9% from the April 30th total of 308,816 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 370,128 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On Fidelity Enhanced Large Cap Growth ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Baron Wealth Management LLC grew its holdings in Fidelity Enhanced Large Cap Growth ETF by 172.2% during the fourth quarter. Baron Wealth Management LLC now owns 38,248 shares of the company’s stock valued at $1,595,000 after purchasing an additional 24,194 shares during the period. Greenwood Capital Associates LLC grew its holdings in Fidelity Enhanced Large Cap Growth ETF by 44.8% during the fourth quarter. Greenwood Capital Associates LLC now owns 95,010 shares of the company’s stock valued at $3,962,000 after purchasing an additional 29,400 shares during the period. Vantagepoint Investment Advisers LLC grew its holdings in Fidelity Enhanced Large Cap Growth ETF by 4.9% during the fourth quarter. Vantagepoint Investment Advisers LLC now owns 8,634,000 shares of the company’s stock valued at $360,038,000 after purchasing an additional 402,930 shares during the period. Savvy Advisors Inc. acquired a new position in Fidelity Enhanced Large Cap Growth ETF during the fourth quarter valued at approximately $3,075,000. Finally, CWM LLC grew its holdings in Fidelity Enhanced Large Cap Growth ETF by 8,623.6% during the fourth quarter. CWM LLC now owns 243,039 shares of the company’s stock valued at $10,135,000 after purchasing an additional 240,253 shares during the period.

Fidelity Enhanced Large Cap Growth ETF Trading Up 0.6%

Shares of FELG traded up $0.25 on Friday, reaching $45.14. 352,717 shares of the company’s stock were exchanged, compared to its average volume of 661,941. The stock has a market capitalization of $5.70 billion, a P/E ratio of 32.16 and a beta of 1.21. The business has a 50 day moving average price of $41.28 and a two-hundred day moving average price of $41.00. Fidelity Enhanced Large Cap Growth ETF has a 12 month low of $34.37 and a 12 month high of $45.26.

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.