Fidelity Magellan ETF (BATS:FMAG) Short Interest Up 367.7% in July

Fidelity Magellan ETF (BATS:FMAG) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 17,697 shares, an increase of 367.7% from the July 15th total of 3,784 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 12,764 shares, the days-to-cover ratio is currently 1.4 days.

Institutional Investors Weigh In On Fidelity Magellan ETF

Several large investors have recently modified their holdings of FMAG. Jones Financial Companies Lllp lifted its stake in Fidelity Magellan ETF by 10.4% in the first quarter. Jones Financial Companies Lllp now owns 11,523 shares of the company’s stock valued at $335,000 after purchasing an additional 1,083 shares during the last quarter. Integrated Wealth Concepts LLC grew its holdings in Fidelity Magellan ETF by 18.9% during the third quarter. Integrated Wealth Concepts LLC now owns 7,780 shares of the company’s stock valued at $274,000 after purchasing an additional 1,239 shares during the period. MWA Asset Management purchased a new stake in Fidelity Magellan ETF in the first quarter worth $63,000. Osaic Holdings Inc. purchased a new stake in Fidelity Magellan ETF in the second quarter worth $74,000. Finally, Sigma Planning Corp increased its position in Fidelity Magellan ETF by 6.1% in the fourth quarter. Sigma Planning Corp now owns 40,846 shares of the company’s stock worth $1,394,000 after buying an additional 2,343 shares during the last quarter.

Fidelity Magellan ETF Stock Performance

BATS FMAG opened at $37.06 on Thursday. The company has a market capitalization of $273.50 million, a PE ratio of 34.77 and a beta of 1.13. Fidelity Magellan ETF has a 52-week low of $30.49 and a 52-week high of $37.58. The company has a 50-day simple moving average of $36.10 and a 200 day simple moving average of $34.89.

Fidelity Magellan ETF Company Profile

The Fidelity Magellan ETF (FMAG) is an exchange-traded fund that is based on the S&P 500 TR USD index. The fund is an actively-managed, non-transparent ETF that provides exposure to fundamentally-selected firms located globally. The fund utilizes the Fidelity non-transparent model. FMAG was launched on Feb 2, 2021 and is managed by Fidelity.