Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) Stock Short Interest Jumps 663.9%

Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 754,499 shares, an increase of 663.9% from the August 31st total of 98,767 shares. Approximately 0.9% of the company’s shares are short sold. Based on an average daily volume of 243,544 shares, the days-to-cover ratio is currently 3.1 days.

Institutional Trading of Fidelity Enhanced Large Cap Value ETF

Hedge funds have recently bought and sold shares of the stock. Envestnet Asset Management Inc. raised its stake in shares of Fidelity Enhanced Large Cap Value ETF by 28.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 93,705 shares of the company’s stock valued at $3,757,000 after purchasing an additional 20,470 shares during the period. Sequoia Financial Advisors LLC acquired a new position in shares of Fidelity Enhanced Large Cap Value ETF during the second quarter worth about $226,000. NewEdge Advisors LLC grew its holdings in shares of Fidelity Enhanced Large Cap Value ETF by 23.7% during the second quarter. NewEdge Advisors LLC now owns 52,263 shares of the company’s stock worth $2,095,000 after buying an additional 10,002 shares in the last quarter. Waverly Advisors LLC grew its holdings in shares of Fidelity Enhanced Large Cap Value ETF by 2.7% during the second quarter. Waverly Advisors LLC now owns 9,446 shares of the company’s stock worth $379,000 after buying an additional 247 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new stake in Fidelity Enhanced Large Cap Value ETF in the 2nd quarter valued at approximately $1,039,000.

Fidelity Enhanced Large Cap Value ETF Price Performance

Shares of Fidelity Enhanced Large Cap Value ETF stock traded down $0.07 on Thursday, hitting $41.77. 260,522 shares of the company’s stock traded hands, compared to its average volume of 197,652. The firm’s 50-day moving average price is $42.36 and its two-hundred day moving average price is $39.54. The stock has a market capitalization of $3.38 billion, a PE ratio of 18.67 and a beta of 0.76. Fidelity Enhanced Large Cap Value ETF has a one year low of $32.73 and a one year high of $43.26.

Fidelity Enhanced Large Cap Value ETF Company Profile

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.