Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) Sees Significant Growth in Short Interest

Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 191,907 shares, an increase of 269.8% from the September 15th total of 51,899 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 336,688 shares, the short-interest ratio is currently 0.6 days.

Fidelity Enhanced Large Cap Growth ETF Stock Down 0.6%

NYSEARCA FELG traded down $0.29 during trading on Monday, hitting $45.69. 190,373 shares of the stock traded hands, compared to its average volume of 547,357. Fidelity Enhanced Large Cap Growth ETF has a 12-month low of $35.92 and a 12-month high of $46.62. The firm has a 50-day simple moving average of $44.56 and a 200-day simple moving average of $43.12. The company has a market capitalization of $5.86 billion, a P/E ratio of 32.16 and a beta of 1.23.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FELG. Independence Financial Advisors LLC lifted its holdings in shares of Fidelity Enhanced Large Cap Growth ETF by 4.4% in the 3rd quarter. Independence Financial Advisors LLC now owns 1,399,471 shares of the company’s stock valued at $63,102,000 after acquiring an additional 58,871 shares during the last quarter. Farther Finance Advisors LLC grew its position in Fidelity Enhanced Large Cap Growth ETF by 60.9% in the third quarter. Farther Finance Advisors LLC now owns 201,297 shares of the company’s stock worth $9,076,000 after acquiring an additional 76,214 shares in the last quarter. CoreCap Advisors LLC increased its stake in Fidelity Enhanced Large Cap Growth ETF by 15.0% during the third quarter. CoreCap Advisors LLC now owns 3,581 shares of the company’s stock worth $161,000 after acquiring an additional 468 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in Fidelity Enhanced Large Cap Growth ETF by 2.1% during the second quarter. Sequoia Financial Advisors LLC now owns 13,781 shares of the company’s stock worth $603,000 after acquiring an additional 277 shares during the last quarter. Finally, NewEdge Advisors LLC increased its stake in Fidelity Enhanced Large Cap Growth ETF by 7.9% during the second quarter. NewEdge Advisors LLC now owns 75,944 shares of the company’s stock worth $3,323,000 after acquiring an additional 5,553 shares during the last quarter.

Fidelity Enhanced Large Cap Growth ETF Company Profile

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