Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) Short Interest Up 133.5% in April

Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) was the recipient of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 335,272 shares, an increase of 133.5% from the April 15th total of 143,565 shares. Based on an average trading volume of 793,291 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the shares of the stock are sold short.

Fidelity Enhanced Large Cap Core ETF Price Performance

Fidelity Enhanced Large Cap Core ETF stock traded down $0.48 during mid-day trading on Friday, reaching $41.39. 652,354 shares of the company were exchanged, compared to its average volume of 1,080,174. The company has a fifty day simple moving average of $38.40 and a 200-day simple moving average of $38.23. Fidelity Enhanced Large Cap Core ETF has a 12 month low of $32.08 and a 12 month high of $41.94. The firm has a market cap of $7.22 billion, a PE ratio of 24.29 and a beta of 1.00.

Hedge Funds Weigh In On Fidelity Enhanced Large Cap Core ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC increased its stake in Fidelity Enhanced Large Cap Core ETF by 3.6% during the 1st quarter. Sequoia Financial Advisors LLC now owns 7,351 shares of the company’s stock worth $267,000 after acquiring an additional 258 shares during the period. Geneva Partners LLC increased its stake in Fidelity Enhanced Large Cap Core ETF by 1.8% during the 4th quarter. Geneva Partners LLC now owns 14,767 shares of the company’s stock worth $564,000 after acquiring an additional 264 shares during the period. Assetmark Inc. increased its stake in Fidelity Enhanced Large Cap Core ETF by 10.5% during the 1st quarter. Assetmark Inc. now owns 3,035 shares of the company’s stock worth $110,000 after acquiring an additional 289 shares during the period. Peak Retirement Planning Inc. increased its stake in Fidelity Enhanced Large Cap Core ETF by 2.4% during the 3rd quarter. Peak Retirement Planning Inc. now owns 12,455 shares of the company’s stock worth $464,000 after acquiring an additional 297 shares during the period. Finally, Kingsview Wealth Management LLC increased its stake in Fidelity Enhanced Large Cap Core ETF by 2.3% during the 4th quarter. Kingsview Wealth Management LLC now owns 13,636 shares of the company’s stock worth $520,000 after acquiring an additional 308 shares during the period.

Fidelity Enhanced Large Cap Core ETF Company Profile

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.