Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) Sees Large Decline in Short Interest

Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) was the target of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totaling 73,042 shares, a decrease of 38.6% from the November 30th total of 119,020 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 108,072 shares, the short-interest ratio is currently 0.7 days. Based on an average daily volume of 108,072 shares, the short-interest ratio is currently 0.7 days. Approximately 0.1% of the company’s shares are sold short.

Hedge Funds Weigh In On Fidelity Enhanced Large Cap Value ETF

A number of large investors have recently added to or reduced their stakes in the business. Independence Financial Advisors LLC raised its holdings in Fidelity Enhanced Large Cap Value ETF by 2,794.7% in the 2nd quarter. Independence Financial Advisors LLC now owns 873,531 shares of the company’s stock worth $27,752,000 after purchasing an additional 843,354 shares during the period. Sowa Financial Group Inc. grew its stake in shares of Fidelity Enhanced Large Cap Value ETF by 12.5% during the 2nd quarter. Sowa Financial Group Inc. now owns 609,518 shares of the company’s stock valued at $19,364,000 after acquiring an additional 67,863 shares during the period. Valeo Financial Advisors LLC bought a new stake in Fidelity Enhanced Large Cap Value ETF during the 2nd quarter worth approximately $207,000. Ameritas Advisory Services LLC purchased a new position in Fidelity Enhanced Large Cap Value ETF during the second quarter valued at approximately $141,000. Finally, NewEdge Advisors LLC boosted its position in shares of Fidelity Enhanced Large Cap Value ETF by 10,779.6% in the first quarter. NewEdge Advisors LLC now owns 54,398 shares of the company’s stock worth $1,672,000 after purchasing an additional 53,898 shares during the period.

Fidelity Enhanced Large Cap Value ETF Stock Performance

FELV stock traded down $0.02 during mid-day trading on Friday, hitting $35.01. The company had a trading volume of 47,032 shares, compared to its average volume of 162,829. The stock’s fifty day moving average price is $34.12 and its two-hundred day moving average price is $33.07. Fidelity Enhanced Large Cap Value ETF has a 12 month low of $26.48 and a 12 month high of $35.13. The firm has a market cap of $2.55 billion, a PE ratio of 18.67 and a beta of 0.86.

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.