Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) Sees Significant Increase in Short Interest

Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 240,390 shares, a growth of 79.3% from the September 15th total of 134,059 shares. Based on an average daily volume of 757,949 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On Fidelity Enhanced Large Cap Core ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Fragasso Financial Advisors Inc acquired a new position in Fidelity Enhanced Large Cap Core ETF during the third quarter worth $170,287,000. Citadel Advisors LLC raised its position in Fidelity Enhanced Large Cap Core ETF by 1,986.2% during the second quarter. Citadel Advisors LLC now owns 2,121,806 shares of the company’s stock worth $88,925,000 after acquiring an additional 2,020,098 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Fidelity Enhanced Large Cap Core ETF by 96.1% in the second quarter. NewEdge Advisors LLC now owns 3,712,785 shares of the company’s stock valued at $155,603,000 after acquiring an additional 1,819,688 shares during the last quarter. SHP Wealth Management acquired a new stake in Fidelity Enhanced Large Cap Core ETF in the fourth quarter valued at $58,241,000. Finally, Stadion Money Management LLC acquired a new stake in Fidelity Enhanced Large Cap Core ETF in the first quarter valued at $31,410,000.

Fidelity Enhanced Large Cap Core ETF Trading Down 0.4%

Shares of NYSEARCA:FELC traded down $0.17 during trading on Thursday, hitting $43.48. 134,893 shares of the company were exchanged, compared to its average volume of 929,809. The stock has a market cap of $8.67 billion, a price-to-earnings ratio of 24.29 and a beta of 1.00. Fidelity Enhanced Large Cap Core ETF has a fifty-two week low of $35.10 and a fifty-two week high of $44.36. The firm has a fifty day moving average price of $43.70 and a two-hundred day moving average price of $41.88.

About Fidelity Enhanced Large Cap Core ETF

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