Fidelity Fundamental Large Cap Growth ETF (BATS:FFLG) Short Interest Up 238.7% in May

Fidelity Fundamental Large Cap Growth ETF (BATS:FFLG) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 160,038 shares, an increase of 238.7% from the May 14th total of 47,256 shares. Currently, 1.0% of the shares of the company are short sold. Based on an average trading volume of 55,967 shares, the days-to-cover ratio is currently 2.9 days.

Fidelity Fundamental Large Cap Growth ETF Stock Performance

FFLG traded up $0.11 during midday trading on Friday, reaching $33.58. The company had a trading volume of 37,589 shares, compared to its average volume of 93,693. The business has a 50-day moving average price of $32.52 and a two-hundred day moving average price of $30.59. Fidelity Fundamental Large Cap Growth ETF has a 12-month low of $25.01 and a 12-month high of $35.33. The stock has a market cap of $559.11 million, a PE ratio of 34.87 and a beta of 1.27.

Institutional Trading of Fidelity Fundamental Large Cap Growth ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. Kestra Advisory Services LLC raised its position in shares of Fidelity Fundamental Large Cap Growth ETF by 10.8% in the first quarter. Kestra Advisory Services LLC now owns 1,869,844 shares of the company’s stock valued at $52,000,000 after purchasing an additional 182,346 shares during the period. Marshall Investment Management LLC raised its position in shares of Fidelity Fundamental Large Cap Growth ETF by 1,747.5% in the third quarter. Marshall Investment Management LLC now owns 306,139 shares of the company’s stock valued at $9,025,000 after purchasing an additional 289,569 shares during the period. Financial Management Network Inc. raised its position in shares of Fidelity Fundamental Large Cap Growth ETF by 2.4% in the first quarter. Financial Management Network Inc. now owns 287,184 shares of the company’s stock valued at $8,558,000 after purchasing an additional 6,708 shares during the period. Investment Advisory Services Inc. TX ADV raised its position in shares of Fidelity Fundamental Large Cap Growth ETF by 3.1% in the first quarter. Investment Advisory Services Inc. TX ADV now owns 261,409 shares of the company’s stock valued at $7,270,000 after purchasing an additional 7,793 shares during the period. Finally, LPL Financial LLC raised its position in shares of Fidelity Fundamental Large Cap Growth ETF by 12.1% in the fourth quarter. LPL Financial LLC now owns 208,504 shares of the company’s stock valued at $6,243,000 after purchasing an additional 22,499 shares during the period.

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.