Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) Stock Short Interest Rises 269.8%

Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 191,907 shares, an increase of 269.8% from the September 15th total of 51,899 shares. Based on an average trading volume of 336,688 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FELG. Citadel Advisors LLC acquired a new position in Fidelity Enhanced Large Cap Growth ETF during the 2nd quarter valued at about $3,659,000. Sunbelt Securities Inc. raised its position in Fidelity Enhanced Large Cap Growth ETF by 154.6% during the 4th quarter. Sunbelt Securities Inc. now owns 40,505 shares of the company’s stock worth $1,689,000 after buying an additional 24,595 shares during the last quarter. Northwest Wealth Advisors LLC raised its position in Fidelity Enhanced Large Cap Growth ETF by 13.8% during the first quarter. Northwest Wealth Advisors LLC now owns 191,167 shares of the company’s stock valued at $7,167,000 after acquiring an additional 23,152 shares in the last quarter. SHP Wealth Management acquired a new position in shares of Fidelity Enhanced Large Cap Growth ETF in the fourth quarter worth about $608,000. Finally, Triad Wealth Partners LLC acquired a new stake in Fidelity Enhanced Large Cap Growth ETF in the first quarter valued at approximately $778,000.

Fidelity Enhanced Large Cap Growth ETF Trading Up 0.6%

Shares of NYSEARCA FELG traded up $0.29 during midday trading on Friday, hitting $45.98. The company’s stock had a trading volume of 211,029 shares, compared to its average volume of 549,241. The business’s 50 day moving average is $44.56 and its two-hundred day moving average is $43.09. Fidelity Enhanced Large Cap Growth ETF has a 12-month low of $35.92 and a 12-month high of $46.62. The firm has a market cap of $5.90 billion, a P/E ratio of 32.16 and a beta of 1.23.

About Fidelity Enhanced Large Cap Growth ETF

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.