Fidelity Fundamental Large Cap Growth ETF (BATS:FFLG) Short Interest Up 238.7% in May

Fidelity Fundamental Large Cap Growth ETF (BATS:FFLG) saw a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 160,038 shares, an increase of 238.7% from the May 14th total of 47,256 shares. Based on an average trading volume of 55,967 shares, the short-interest ratio is currently 2.9 days. Approximately 1.0% of the shares of the stock are sold short.

Fidelity Fundamental Large Cap Growth ETF Trading Down 2.5%

FFLG stock opened at $32.57 on Thursday. The firm has a 50 day moving average of $32.41 and a 200-day moving average of $30.56. Fidelity Fundamental Large Cap Growth ETF has a 12-month low of $25.01 and a 12-month high of $35.33. The company has a market cap of $542.29 million, a price-to-earnings ratio of 34.87 and a beta of 1.27.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. raised its position 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 worth $59,000 after purchasing an additional 1,934 shares during the last quarter. MWA Asset Management acquired a new position in shares of Fidelity Fundamental Large Cap Growth ETF during the 1st quarter worth approximately $78,000. Bank of Montreal Can acquired a new position in shares of Fidelity Fundamental Large Cap Growth ETF during the 4th quarter worth approximately $115,000. Ausdal Financial Partners Inc. acquired a new position in shares of Fidelity Fundamental Large Cap Growth ETF during the 4th quarter worth approximately $203,000. Finally, High Point Wealth Management LLC acquired a new position in shares of Fidelity Fundamental Large Cap Growth ETF during the 4th quarter worth approximately $210,000.

Fidelity Fundamental Large Cap Growth ETF Company Profile

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.