Fidelity Blue Chip Growth ETF (BATS:FBCG) Short Interest Up 323.5% in August

Fidelity Blue Chip Growth ETF (BATS:FBCG) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 256,038 shares, a growth of 323.5% from the July 30th total of 60,464 shares. Based on an average daily volume of 690,424 shares, the short-interest ratio is currently 0.4 days. Approximately 0.3% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. MML Investors Services LLC lifted its stake in shares of Fidelity Blue Chip Growth ETF by 4.8% during the fourth quarter. MML Investors Services LLC now owns 1,179,739 shares of the company’s stock valued at $64,697,000 after acquiring an additional 54,074 shares during the period. PNC Financial Services Group Inc. increased its position in Fidelity Blue Chip Growth ETF by 6.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 560,065 shares of the company’s stock worth $30,714,000 after purchasing an additional 31,890 shares during the period. Thrivent Financial for Lutherans increased its position in Fidelity Blue Chip Growth ETF by 405.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,458,331 shares of the company’s stock worth $79,975,000 after purchasing an additional 1,169,960 shares during the period. Nations Financial Group Inc. IA ADV raised its holdings in Fidelity Blue Chip Growth ETF by 17.0% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 516,531 shares of the company’s stock worth $25,889,000 after purchasing an additional 74,981 shares during the last quarter. Finally, Keenan LLC bought a new stake in Fidelity Blue Chip Growth ETF during the 4th quarter worth about $11,133,000.

Fidelity Blue Chip Growth ETF Price Performance

FBCG opened at $62.33 on Friday. Fidelity Blue Chip Growth ETF has a one year low of $47.60 and a one year high of $64.32. The company’s 50 day simple moving average is $61.24 and its 200-day simple moving average is $58.02. The stock has a market capitalization of $5.66 billion, a P/E ratio of 29.62 and a beta of 1.32.

About Fidelity Blue Chip Growth ETF

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.