Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) Stock Short Interest Rises 566.0%

Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 430,056 shares, an increase of 566.0% from the September 30th total of 64,574 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily volume of 392,035 shares, the short-interest ratio is currently 1.1 days.

Institutional Trading of Fidelity Enhanced Large Cap Value ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Flagship Harbor Advisors LLC acquired a new stake in Fidelity Enhanced Large Cap Value ETF during the third quarter valued at $326,000. Geneva Partners LLC grew its holdings in Fidelity Enhanced Large Cap Value ETF by 31.1% during the 3rd quarter. Geneva Partners LLC now owns 8,760 shares of the company’s stock worth $362,000 after acquiring an additional 2,076 shares during the last quarter. BG Investment Services LLC lifted its stake in shares of Fidelity Enhanced Large Cap Value ETF by 7.8% in the 3rd quarter. BG Investment Services LLC now owns 22,934 shares of the company’s stock valued at $949,000 after purchasing an additional 1,664 shares during the period. Brookstone Capital Management bought a new stake in shares of Fidelity Enhanced Large Cap Value ETF in the 3rd quarter valued at $203,000. Finally, Root Financial Partners LLC bought a new stake in shares of Fidelity Enhanced Large Cap Value ETF during the third quarter worth $25,000.

Fidelity Enhanced Large Cap Value ETF Stock Performance

Shares of NYSEARCA FELV traded down $0.03 during midday trading on Tuesday, reaching $42.94. 126,006 shares of the company’s stock were exchanged, compared to its average volume of 220,225. The business’s fifty day moving average price is $42.42 and its two-hundred day moving average price is $39.14. Fidelity Enhanced Large Cap Value ETF has a 52-week low of $32.83 and a 52-week high of $43.26. The stock has a market capitalization of $3.60 billion, a PE ratio of 18.67 and a beta of 0.78.

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.