Short Interest in Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) Drops By 75.8%

Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) was the recipient of a large drop in short interest in June. As of June 15th, there was short interest totaling 69,152 shares, a drop of 75.8% from the May 31st total of 286,050 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 601,985 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in FELG. Baron Wealth Management LLC grew its holdings in shares of Fidelity Enhanced Large Cap Growth ETF by 172.2% during the fourth quarter. Baron Wealth Management LLC now owns 38,248 shares of the company’s stock valued at $1,595,000 after buying an additional 24,194 shares in the last quarter. Greenwood Capital Associates LLC increased its holdings in Fidelity Enhanced Large Cap Growth ETF by 44.8% in the fourth quarter. Greenwood Capital Associates LLC now owns 95,010 shares of the company’s stock worth $3,962,000 after buying an additional 29,400 shares during the last quarter. Pathfinder Wealth Consulting Inc. bought a new position in shares of Fidelity Enhanced Large Cap Growth ETF during the 4th quarter valued at $4,210,000. Vantagepoint Investment Advisers LLC lifted its stake in shares of Fidelity Enhanced Large Cap Growth ETF by 4.9% in the 4th quarter. Vantagepoint Investment Advisers LLC now owns 8,634,000 shares of the company’s stock valued at $360,038,000 after purchasing an additional 402,930 shares during the last quarter. Finally, Sunbelt Securities Inc. lifted its stake in shares of Fidelity Enhanced Large Cap Growth ETF by 154.6% in the 4th quarter. Sunbelt Securities Inc. now owns 40,505 shares of the company’s stock valued at $1,689,000 after purchasing an additional 24,595 shares during the last quarter.

Fidelity Enhanced Large Cap Growth ETF Trading Up 0.2%

NYSEARCA:FELG traded up $0.10 during mid-day trading on Friday, reaching $42.19. 645,556 shares of the stock were exchanged, compared to its average volume of 652,181. The business has a fifty day moving average price of $43.36 and a 200 day moving average price of $41.29. The firm has a market capitalization of $5.32 billion, a PE ratio of 32.16 and a beta of 1.22. Fidelity Enhanced Large Cap Growth ETF has a 1-year low of $35.92 and a 1-year high of $45.63.

Fidelity Enhanced Large Cap Growth ETF Company Profile

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.