Short Interest in Fidelity Blue Chip Growth ETF (BATS:FBCG) Expands By 74.6%

Fidelity Blue Chip Growth ETF (BATS:FBCGGet Free Report) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 196,722 shares, an increase of 74.6% from the May 31st total of 112,648 shares. Based on an average trading volume of 646,577 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the company’s stock are sold short.

Fidelity Blue Chip Growth ETF Price Performance

Shares of Fidelity Blue Chip Growth ETF stock opened at $61.86 on Thursday. The stock has a market cap of $5.61 billion, a price-to-earnings ratio of 29.62 and a beta of 1.32. The firm’s 50-day moving average is $60.88 and its two-hundred day moving average is $56.15. Fidelity Blue Chip Growth ETF has a 1 year low of $47.57 and a 1 year high of $64.32.

Institutional Investors Weigh In On Fidelity Blue Chip Growth ETF

Hedge funds have recently modified their holdings of the business. NBC Securities Inc. purchased a new position in Fidelity Blue Chip Growth ETF during the fourth quarter valued at approximately $35,000. Arax Advisory Partners purchased a new stake in Fidelity Blue Chip Growth ETF during the fourth quarter worth $35,000. Meramec Financial Planners LLC purchased a new stake in Fidelity Blue Chip Growth ETF during the first quarter worth $51,000. Royal Bank of Canada boosted its position in Fidelity Blue Chip Growth ETF by 104.0% during the 4th quarter. Royal Bank of Canada now owns 1,112 shares of the company’s stock valued at $61,000 after acquiring an additional 567 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new stake in Fidelity Blue Chip Growth ETF during the 4th quarter valued at $62,000.

Fidelity Blue Chip Growth ETF Company Profile

(Get Free Report)

The Fidelity Blue Chip Growth ETF (FBCG) is an exchange-traded fund that is based on the Russell 1000 Growth index. The fund is an actively-managed, non-transparent fund of fundamentally-selected global growth stocks. The fund utilizes the Fidelity non-transparent model. FBCG was launched on Jun 3, 2020 and is managed by Fidelity.

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