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

Fidelity Fundamental Large Cap Growth ETF (BATS:FFLG) saw a large decline in short interest in October. As of October 30th, there was short interest totaling 53,373 shares, a decline of 59.1% from the October 15th total of 130,361 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average trading volume of 109,412 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Investors Weigh In On Fidelity Fundamental Large Cap Growth ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Essex Financial Services Inc. purchased a new stake in Fidelity Fundamental Large Cap Growth ETF during the third quarter worth approximately $953,000. Benjamin Edwards Inc. acquired a new position in Fidelity Fundamental Large Cap Growth ETF in the 3rd quarter valued at about $625,000. Private Advisor Group LLC acquired a new stake in shares of Fidelity Fundamental Large Cap Growth ETF in the 3rd quarter worth $582,000. Harbour Investments Inc. purchased a new position in shares of Fidelity Fundamental Large Cap Growth ETF in the 3rd quarter valued at about $1,616,000. Finally, Fifth Third Bancorp purchased a new stake in Fidelity Fundamental Large Cap Growth ETF during the third quarter worth $97,000.

Fidelity Fundamental Large Cap Growth ETF Stock Down 1.0%

FFLG stock traded down $0.32 during midday trading on Friday, hitting $30.49. The company’s stock had a trading volume of 73,755 shares, compared to its average volume of 102,907. The firm has a market capitalization of $583.27 million, a P/E ratio of 24.91 and a beta of 1.34. The firm has a 50-day simple moving average of $32.89 and a 200-day simple moving average of $32.05. Fidelity Fundamental Large Cap Growth ETF has a 52-week low of $26.40 and a 52-week high of $35.33.

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.