Short Interest in Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) Declines By 40.2%

Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 53,285 shares, a decline of 40.2% from the May 31st total of 89,035 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 122,831 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of Fidelity Enhanced Large Cap Value ETF

Hedge funds have recently made changes to their positions in the company. Holos Integrated Wealth LLC purchased a new position in shares of Fidelity Enhanced Large Cap Value ETF during the 4th quarter valued at $31,000. Assetmark Inc. increased its holdings in Fidelity Enhanced Large Cap Value ETF by 178.6% in the 4th quarter. Assetmark Inc. now owns 1,482 shares of the company’s stock worth $51,000 after acquiring an additional 950 shares during the last quarter. SHP Wealth Management purchased a new stake in Fidelity Enhanced Large Cap Value ETF in the 4th quarter worth about $53,000. CoreCap Advisors LLC raised its stake in Fidelity Enhanced Large Cap Value ETF by 430.2% in the 4th quarter. CoreCap Advisors LLC now owns 2,301 shares of the company’s stock valued at $80,000 after acquiring an additional 1,867 shares during the period. Finally, Flagship Harbor Advisors LLC bought a new stake in Fidelity Enhanced Large Cap Value ETF in the 4th quarter valued at about $98,000.

Fidelity Enhanced Large Cap Value ETF Trading Up 0.2%

Shares of FELV stock traded up $0.09 during trading hours on Wednesday, hitting $40.18. 317,776 shares of the company were exchanged, compared to its average volume of 192,136. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of 18.67 and a beta of 0.81. The firm has a fifty day simple moving average of $38.92 and a 200 day simple moving average of $36.83. Fidelity Enhanced Large Cap Value ETF has a 52-week low of $31.26 and a 52-week high of $40.58.

About Fidelity Enhanced Large Cap Value ETF

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