Short Interest in Fidelity Blue Chip Growth ETF (BATS:FBCG) Expands By 74.6%

Fidelity Blue Chip Growth ETF (BATS:FBCG) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 196,722 shares, a growth of 74.6% from the May 31st total of 112,648 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 646,577 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of Fidelity Blue Chip Growth ETF

Institutional investors have recently modified their holdings of the company. Align Financial LLC purchased a new position in shares of Fidelity Blue Chip Growth ETF in the 4th quarter worth approximately $845,406,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Fidelity Blue Chip Growth ETF by 249.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,325,514 shares of the company’s stock worth $127,531,000 after acquiring an additional 1,660,026 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in Fidelity Blue Chip Growth ETF by 405.7% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,458,331 shares of the company’s stock valued at $79,975,000 after acquiring an additional 1,169,960 shares during the last quarter. FIL Ltd purchased a new stake in Fidelity Blue Chip Growth ETF during the fourth quarter valued at approximately $57,382,000. Finally, Storgate LLC acquired a new stake in Fidelity Blue Chip Growth ETF in the fourth quarter valued at approximately $31,827,000.

Fidelity Blue Chip Growth ETF Price Performance

FBCG opened at $61.86 on Thursday. The business’s 50-day moving average is $60.88 and its two-hundred day moving average is $56.15. Fidelity Blue Chip Growth ETF has a 1 year low of $47.57 and a 1 year high of $64.32. The firm has a market capitalization of $5.61 billion, a PE ratio of 29.62 and a beta of 1.32.

Fidelity Blue Chip Growth ETF Company Profile

The Fidelity Blue Chip Growth ETF (FBCG) is an exchange-traded fund that is based on the Russell 1000 Growth index. The fund is an actively-managed, non-transparent fund of fundamentally-selected global growth stocks. The fund utilizes the Fidelity non-transparent model. FBCG was launched on Jun 3, 2020 and is managed by Fidelity.