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

Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) was the target of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 53,285 shares, a decrease of 40.2% from the May 31st total of 89,035 shares. Based on an average trading volume of 122,831 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Holos Integrated Wealth LLC acquired a new stake in Fidelity Enhanced Large Cap Value ETF during the 4th quarter worth $31,000. Assetmark Inc. lifted its stake in shares of Fidelity Enhanced Large Cap Value ETF by 178.6% in the fourth quarter. Assetmark Inc. now owns 1,482 shares of the company’s stock worth $51,000 after buying an additional 950 shares in the last quarter. SHP Wealth Management purchased a new position in shares of Fidelity Enhanced Large Cap Value ETF in the fourth quarter worth about $53,000. CoreCap Advisors LLC boosted its position in Fidelity Enhanced Large Cap Value ETF by 430.2% during the fourth quarter. CoreCap Advisors LLC now owns 2,301 shares of the company’s stock worth $80,000 after acquiring an additional 1,867 shares during the last quarter. Finally, Flagship Harbor Advisors LLC acquired a new position in Fidelity Enhanced Large Cap Value ETF during the fourth quarter worth about $98,000.

Fidelity Enhanced Large Cap Value ETF Stock Up 1.1%

Shares of NYSEARCA FELV traded up $0.45 during midday trading on Thursday, hitting $40.63. The stock had a trading volume of 107,731 shares, compared to its average volume of 191,460. The stock has a 50 day simple moving average of $38.92 and a 200-day simple moving average of $36.83. The company has a market capitalization of $3.51 billion, a PE ratio of 18.67 and a beta of 0.78. Fidelity Enhanced Large Cap Value ETF has a 1 year low of $31.26 and a 1 year high of $40.63.

About Fidelity Enhanced Large Cap Value ETF

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.