Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) Stock Short Interest Rises 663.9%

Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totaling 754,499 shares, an increase of 663.9% from the August 31st total of 98,767 shares. Approximately 0.9% of the shares of the company are sold short. Based on an average daily trading volume, of 243,544 shares, the days-to-cover ratio is currently 3.1 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Cetera Investment Advisers boosted its stake in shares of Fidelity Enhanced Large Cap Value ETF by 5.9% in the first quarter. Cetera Investment Advisers now owns 246,013 shares of the company’s stock valued at $8,588,000 after buying an additional 13,686 shares during the period. Advisory Resource Group grew its holdings in shares of Fidelity Enhanced Large Cap Value ETF by 7.2% during the 4th quarter. Advisory Resource Group now owns 207,393 shares of the company’s stock worth $7,188,000 after purchasing an additional 13,864 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Fidelity Enhanced Large Cap Value ETF by 28.0% in the second quarter. Envestnet Asset Management Inc. now owns 93,705 shares of the company’s stock worth $3,757,000 after purchasing an additional 20,470 shares during the period. NewEdge Advisors LLC raised its stake in Fidelity Enhanced Large Cap Value ETF by 23.7% in the second quarter. NewEdge Advisors LLC now owns 52,263 shares of the company’s stock valued at $2,095,000 after purchasing an additional 10,002 shares in the last quarter. Finally, James Investment Research Inc. grew its stake in Fidelity Enhanced Large Cap Value ETF by 13.6% during the first quarter. James Investment Research Inc. now owns 28,993 shares of the company’s stock worth $1,012,000 after buying an additional 3,465 shares in the last quarter.

Fidelity Enhanced Large Cap Value ETF Stock Up 0.6%

Shares of FELV traded up $0.23 during midday trading on Friday, reaching $42.00. 231,870 shares of the stock were exchanged, compared to its average volume of 197,838. The stock’s 50 day simple moving average is $42.37 and its 200 day simple moving average is $39.55. The company has a market cap of $3.41 billion, a P/E ratio of 18.67 and a beta of 0.76. Fidelity Enhanced Large Cap Value ETF has a twelve month low of $32.73 and a twelve month high of $43.26.

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.