Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) Short Interest Update

Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 235,920 shares, a growth of 355.9% from the July 15th total of 51,748 shares. Based on an average daily volume of 340,493 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.2% of the shares of the company are sold short.

Fidelity Enhanced Large Cap Growth ETF Stock Performance

Shares of NYSEARCA FELG traded up $0.50 during trading hours on Thursday, reaching $45.05. 1,145,446 shares of the stock were exchanged, compared to its average volume of 596,958. The firm has a market capitalization of $5.80 billion, a price-to-earnings ratio of 32.16 and a beta of 1.24. The stock’s fifty day simple moving average is $43.29 and its 200 day simple moving average is $41.72. Fidelity Enhanced Large Cap Growth ETF has a 52 week low of $35.92 and a 52 week high of $45.63.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in FELG. Bay Capital Advisors LLC increased its position in shares of Fidelity Enhanced Large Cap Growth ETF by 1.3% in the first quarter. Bay Capital Advisors LLC now owns 19,360 shares of the company’s stock worth $726,000 after purchasing an additional 253 shares during the period. Ball & Co Wealth Management Inc. lifted its position in Fidelity Enhanced Large Cap Growth ETF by 0.9% during the first quarter. Ball & Co Wealth Management Inc. now owns 28,844 shares of the company’s stock worth $1,081,000 after purchasing an additional 264 shares during the period. Great Valley Advisor Group Inc. lifted its position in Fidelity Enhanced Large Cap Growth ETF by 2.0% during the second quarter. Great Valley Advisor Group Inc. now owns 14,217 shares of the company’s stock worth $527,000 after purchasing an additional 285 shares during the period. Mariner LLC grew its stake in Fidelity Enhanced Large Cap Growth ETF by 1.3% during the third quarter. Mariner LLC now owns 22,985 shares of the company’s stock worth $945,000 after buying an additional 287 shares in the last quarter. Finally, Costello Asset Management INC grew its stake in Fidelity Enhanced Large Cap Growth ETF by 51.9% during the fourth quarter. Costello Asset Management INC now owns 1,025 shares of the company’s stock worth $43,000 after buying an additional 350 shares in 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.