Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) Short Interest Down 68.9% in May

Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 95,901 shares, a drop of 68.9% from the April 30th total of 308,816 shares. Based on an average trading volume of 370,128 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the company’s shares are short sold.

Fidelity Enhanced Large Cap Growth ETF Price Performance

Shares of NYSEARCA FELG opened at $45.14 on Monday. The business has a fifty day simple moving average of $41.28 and a two-hundred day simple moving average of $41.00. The firm has a market cap of $5.70 billion, a PE ratio of 32.16 and a beta of 1.21. Fidelity Enhanced Large Cap Growth ETF has a twelve month low of $34.37 and a twelve month high of $45.26.

Institutional Investors Weigh In On Fidelity Enhanced Large Cap Growth ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Vantagepoint Investment Advisers LLC raised its position in Fidelity Enhanced Large Cap Growth ETF by 4.9% during the 4th quarter. Vantagepoint Investment Advisers LLC now owns 8,634,000 shares of the company’s stock valued at $360,038,000 after purchasing an additional 402,930 shares in the last quarter. MML Investors Services LLC raised its position in Fidelity Enhanced Large Cap Growth ETF by 4.7% during the 4th quarter. MML Investors Services LLC now owns 6,343,591 shares of the company’s stock valued at $264,528,000 after purchasing an additional 285,730 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Fidelity Enhanced Large Cap Growth ETF by 3.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 6,140,391 shares of the company’s stock valued at $252,493,000 after purchasing an additional 198,595 shares in the last quarter. Commonwealth Equity Services LLC raised its position in Fidelity Enhanced Large Cap Growth ETF by 33.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 4,141,753 shares of the company’s stock valued at $172,711,000 after purchasing an additional 1,031,779 shares in the last quarter. Finally, LPL Financial LLC raised its position in Fidelity Enhanced Large Cap Growth ETF by 45.4% during the 4th quarter. LPL Financial LLC now owns 2,767,311 shares of the company’s stock valued at $115,397,000 after purchasing an additional 864,527 shares in the last quarter.

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.