Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) Short Interest Down 75.8% in June

Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) was the recipient of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 69,152 shares, a decline of 75.8% from the May 31st total of 286,050 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 601,985 shares, the days-to-cover ratio is presently 0.1 days.

Fidelity Enhanced Large Cap Growth ETF Price Performance

Shares of FELG traded up $0.97 during midday trading on Monday, hitting $43.16. The stock had a trading volume of 1,311,319 shares, compared to its average volume of 657,585. Fidelity Enhanced Large Cap Growth ETF has a 1 year low of $35.92 and a 1 year high of $45.63. The firm has a market cap of $5.45 billion, a PE ratio of 32.16 and a beta of 1.22. The stock’s 50 day moving average is $43.39 and its 200 day moving average is $41.29.

Hedge Funds Weigh In On Fidelity Enhanced Large Cap Growth ETF

Hedge funds have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC lifted its stake in Fidelity Enhanced Large Cap Growth ETF by 33.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 4,141,753 shares of the company’s stock worth $172,711,000 after purchasing an additional 1,031,779 shares during the last quarter. MML Investors Services LLC grew its stake in shares of Fidelity Enhanced Large Cap Growth ETF by 20.4% during the second quarter. MML Investors Services LLC now owns 5,981,257 shares of the company’s stock valued at $221,486,000 after buying an additional 1,011,892 shares during the last quarter. LPL Financial LLC grew its stake in shares of Fidelity Enhanced Large Cap Growth ETF by 45.4% during the fourth quarter. LPL Financial LLC now owns 2,767,311 shares of the company’s stock valued at $115,397,000 after buying an additional 864,527 shares during the last quarter. Kestra Advisory Services LLC raised its holdings in shares of Fidelity Enhanced Large Cap Growth ETF by 92.2% in the first quarter. Kestra Advisory Services LLC now owns 1,517,007 shares of the company’s stock worth $56,873,000 after buying an additional 727,523 shares during the period. Finally, Cetera Investment Advisers raised its holdings in shares of Fidelity Enhanced Large Cap Growth ETF by 118.2% in the first quarter. Cetera Investment Advisers now owns 1,253,764 shares of the company’s stock worth $47,004,000 after buying an additional 679,248 shares during the period.

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.