Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) Short Interest Down 69.5% in May

Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) was the target of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 102,221 shares, a drop of 69.5% from the April 30th total of 335,272 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 597,832 shares, the short-interest ratio is presently 0.2 days.

Fidelity Enhanced Large Cap Core ETF Price Performance

Shares of NYSEARCA FELC opened at $42.26 on Friday. The company has a 50 day simple moving average of $39.15 and a 200-day simple moving average of $38.47. The company has a market capitalization of $7.37 billion, a P/E ratio of 24.29 and a beta of 1.00. Fidelity Enhanced Large Cap Core ETF has a 1 year low of $32.55 and a 1 year high of $42.28.

Institutional Trading of Fidelity Enhanced Large Cap Core ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in FELC. Root Financial Partners LLC acquired a new stake in Fidelity Enhanced Large Cap Core ETF in the 1st quarter valued at approximately $25,000. Ameriflex Group Inc. lifted its stake in Fidelity Enhanced Large Cap Core ETF by 100.0% during the third quarter. Ameriflex Group Inc. now owns 686 shares of the company’s stock worth $26,000 after purchasing an additional 343 shares in the last quarter. Archer Investment Corp acquired a new position in Fidelity Enhanced Large Cap Core ETF during the third quarter worth $26,000. Fifth Third Bancorp acquired a new position in Fidelity Enhanced Large Cap Core ETF during the fourth quarter worth $31,000. Finally, Rialto Wealth Management LLC acquired a new position in Fidelity Enhanced Large Cap Core ETF during the fourth quarter worth $32,000.

Fidelity Enhanced Large Cap Core ETF Company Profile

The Fidelity Enhanced Large Cap Core ETF (FELC) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing in large-cap stocks belonging to a broad US equity index. The fund aims for growth of capital FELC was launched on Apr 19, 2007 and is issued by Fidelity.