Short Interest in Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) Decreases By 54.1%

Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 162,474 shares, a drop of 54.1% from the August 15th total of 353,832 shares. Based on an average daily volume of 384,253 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the company’s shares are short sold.

Hedge Funds Weigh In On Fidelity Enhanced Large Cap Growth ETF

A number of institutional investors have recently modified their holdings of the stock. Pathfinder Wealth Consulting Inc. purchased a new position in Fidelity Enhanced Large Cap Growth ETF during the 4th quarter worth $4,210,000. Sunbelt Securities Inc. lifted its holdings in shares of Fidelity Enhanced Large Cap Growth ETF by 154.6% in the 4th quarter. Sunbelt Securities Inc. now owns 40,505 shares of the company’s stock worth $1,689,000 after buying an additional 24,595 shares during the period. Northwest Wealth Advisors LLC grew its position in shares of Fidelity Enhanced Large Cap Growth ETF by 13.8% during the 1st quarter. Northwest Wealth Advisors LLC now owns 191,167 shares of the company’s stock worth $7,167,000 after buying an additional 23,152 shares in the last quarter. SHP Wealth Management bought a new position in shares of Fidelity Enhanced Large Cap Growth ETF during the 4th quarter worth $608,000. Finally, Triad Wealth Partners LLC purchased a new position in shares of Fidelity Enhanced Large Cap Growth ETF during the first quarter valued at $778,000.

Fidelity Enhanced Large Cap Growth ETF Stock Performance

NYSEARCA FELG opened at $44.08 on Monday. The company’s 50-day moving average price is $43.70 and its 200-day moving average price is $42.29. The stock has a market cap of $5.67 billion, a PE ratio of 32.16 and a beta of 1.24. Fidelity Enhanced Large Cap Growth ETF has a 12 month low of $35.92 and a 12 month high of $45.63.

About Fidelity Enhanced Large Cap Growth ETF

The Fidelity Enhanced Large Cap Growth ETF (FELG) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing in large-cap growth stocks belonging to a broad US equity growth index. The fund aims for capital growth FELG was launched on Apr 19, 2007 and is issued by Fidelity.