Fidelity Fundamental Large Cap Growth ETF (BATS:FFLG) Short Interest Down 95.5% in July

Fidelity Fundamental Large Cap Growth ETF (BATS:FFLG) saw a significant decrease in short interest in July. As of July 31st, there was short interest totaling 10,847 shares, a decrease of 95.5% from the July 15th total of 243,145 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 251,016 shares, the days-to-cover ratio is currently 0.0 days.

Fidelity Fundamental Large Cap Growth ETF Stock Performance

FFLG stock traded down $0.19 on Tuesday, reaching $33.18. The company’s stock had a trading volume of 41,569 shares, compared to its average volume of 105,832. The business has a fifty day simple moving average of $33.29 and a two-hundred day simple moving average of $31.56. Fidelity Fundamental Large Cap Growth ETF has a 12-month low of $26.40 and a 12-month high of $35.33. The firm has a market cap of $552.45 million, a PE ratio of 34.87 and a beta of 1.27.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Fidelity Fundamental Large Cap Growth ETF by 4,717.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,975 shares of the company’s stock valued at $59,000 after purchasing an additional 1,934 shares in the last quarter. MWA Asset Management purchased a new position in shares of Fidelity Fundamental Large Cap Growth ETF during the first quarter valued at about $78,000. Bank of Montreal Can purchased a new position in shares of Fidelity Fundamental Large Cap Growth ETF during the fourth quarter valued at about $115,000. Ausdal Financial Partners Inc. bought a new position in Fidelity Fundamental Large Cap Growth ETF in the fourth quarter worth about $203,000. Finally, High Point Wealth Management LLC bought a new position in Fidelity Fundamental Large Cap Growth ETF in the fourth quarter worth about $210,000.

About Fidelity Fundamental Large Cap Growth ETF

The Fidelity Fundamental Large Cap Growth ETF (FFLG) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund that invests in large-cap growth stocks from US and foreign issuers. Stocks are selected based on fundamental factors FFLG was launched on Feb 2, 2021 and is issued by Fidelity.