Fidelity Fundamental Large Cap Growth ETF (BATS:FFLG) Sees Large Decrease in Short Interest

Fidelity Fundamental Large Cap Growth ETF (BATS:FFLG) was the recipient of a large decrease in short interest in July. As of July 31st, there was short interest totaling 10,847 shares, a decrease of 95.5% from the July 15th total of 243,145 shares. Based on an average trading volume of 251,016 shares, the short-interest ratio is presently 0.0 days. Approximately 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On Fidelity Fundamental Large Cap Growth ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC boosted its holdings in shares of Fidelity Fundamental Large Cap Growth ETF by 10.8% during the 1st quarter. Kestra Advisory Services LLC now owns 1,869,844 shares of the company’s stock valued at $52,000,000 after buying an additional 182,346 shares in the last quarter. Financial Management Network Inc. grew its position in shares of Fidelity Fundamental Large Cap Growth ETF by 2.4% in the 1st quarter. Financial Management Network Inc. now owns 287,184 shares of the company’s stock worth $8,558,000 after buying an additional 6,708 shares during the period. Investment Advisory Services Inc. TX ADV increased its stake in shares of Fidelity Fundamental Large Cap Growth ETF by 3.1% in the 1st quarter. Investment Advisory Services Inc. TX ADV now owns 261,409 shares of the company’s stock worth $7,270,000 after acquiring an additional 7,793 shares in the last quarter. LPL Financial LLC increased its stake in shares of Fidelity Fundamental Large Cap Growth ETF by 12.1% in the 4th quarter. LPL Financial LLC now owns 208,504 shares of the company’s stock worth $6,243,000 after acquiring an additional 22,499 shares in the last quarter. Finally, Larson Financial Group LLC lifted its position in Fidelity Fundamental Large Cap Growth ETF by 9.2% during the 4th quarter. Larson Financial Group LLC now owns 144,046 shares of the company’s stock valued at $4,313,000 after acquiring an additional 12,131 shares during the period.

Fidelity Fundamental Large Cap Growth ETF Stock Performance

Shares of FFLG traded down $0.19 on Tuesday, reaching $33.18. The stock had a trading volume of 41,569 shares, compared to its average volume of 105,832. Fidelity Fundamental Large Cap Growth ETF has a 12-month low of $26.40 and a 12-month high of $35.33. The firm has a market capitalization of $552.45 million, a price-to-earnings ratio of 34.87 and a beta of 1.27. The company has a 50-day simple moving average of $33.29 and a 200-day simple moving average of $31.56.

About Fidelity Fundamental Large Cap Growth ETF

The Fidelity Fundamental Large Cap Growth ETF (FFLG) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund that invests in large-cap growth stocks from US and foreign issuers. Stocks are selected based on fundamental factors FFLG was launched on Feb 2, 2021 and is issued by Fidelity.