Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) Short Interest Up 355.9% in July

Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) saw a large growth in short interest in July. As of July 31st, there was short interest totaling 235,920 shares, a growth of 355.9% from the July 15th total of 51,748 shares. Based on an average daily trading volume, of 340,493 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.2% of the company’s shares are sold short.

Fidelity Enhanced Large Cap Growth ETF Stock Up 0.8%

NYSEARCA:FELG traded up $0.37 during midday trading on Wednesday, hitting $44.59. The stock had a trading volume of 150,124 shares, compared to its average volume of 592,963. Fidelity Enhanced Large Cap Growth ETF has a one year low of $35.92 and a one year high of $45.63. The stock has a 50-day moving average of $43.29 and a 200 day moving average of $41.66. The company has a market capitalization of $5.74 billion, a price-to-earnings ratio of 32.16 and a beta of 1.24.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Greenwood Capital Associates LLC raised its stake in Fidelity Enhanced Large Cap Growth ETF by 44.8% in the 4th quarter. Greenwood Capital Associates LLC now owns 95,010 shares of the company’s stock worth $3,962,000 after acquiring an additional 29,400 shares during the last quarter. Cannon Wealth Management Services LLC acquired a new stake in shares of Fidelity Enhanced Large Cap Growth ETF during the fourth quarter worth about $4,771,000. Pathfinder Wealth Consulting Inc. purchased a new stake in Fidelity Enhanced Large Cap Growth ETF in the fourth quarter valued at approximately $4,210,000. Sunbelt Securities Inc. boosted its position in Fidelity Enhanced Large Cap Growth ETF by 154.6% in the fourth quarter. Sunbelt Securities Inc. now owns 40,505 shares of the company’s stock valued at $1,689,000 after buying an additional 24,595 shares during the last quarter. Finally, Vantagepoint Investment Advisers LLC increased its holdings in Fidelity Enhanced Large Cap Growth ETF by 4.9% in the 4th quarter. Vantagepoint Investment Advisers LLC now owns 8,634,000 shares of the company’s stock worth $360,038,000 after buying an additional 402,930 shares during the period.

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.