Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) Stock Short Interest Jumps 566.0%

Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 430,056 shares, a growth of 566.0% from the September 30th total of 64,574 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 392,035 shares, the short-interest ratio is presently 1.1 days.

Fidelity Enhanced Large Cap Value ETF Stock Performance

NYSEARCA FELV traded up $0.02 during mid-day trading on Wednesday, reaching $43.00. 386,623 shares of the stock were exchanged, compared to its average volume of 221,829. Fidelity Enhanced Large Cap Value ETF has a 1-year low of $32.83 and a 1-year high of $43.26. The business’s fifty day simple moving average is $42.42 and its 200 day simple moving average is $39.18. The stock has a market capitalization of $3.61 billion, a PE ratio of 18.67 and a beta of 0.78.

Institutional Investors Weigh In On Fidelity Enhanced Large Cap Value ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Latitude Advisors LLC acquired a new position in Fidelity Enhanced Large Cap Value ETF in the third quarter valued at $72,000. Flagship Harbor Advisors LLC acquired a new stake in Fidelity Enhanced Large Cap Value ETF in the 3rd quarter worth about $326,000. Geneva Partners LLC boosted its stake in Fidelity Enhanced Large Cap Value ETF by 31.1% in the 3rd quarter. Geneva Partners LLC now owns 8,760 shares of the company’s stock worth $362,000 after buying an additional 2,076 shares during the last quarter. BG Investment Services LLC grew its holdings in Fidelity Enhanced Large Cap Value ETF by 7.8% in the 3rd quarter. BG Investment Services LLC now owns 22,934 shares of the company’s stock valued at $949,000 after buying an additional 1,664 shares during the period. Finally, Brookstone Capital Management purchased a new stake in Fidelity Enhanced Large Cap Value ETF in the 3rd quarter valued at about $203,000.

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.