Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) Short Interest Update

Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 235,920 shares, a growth of 355.9% from the July 15th total of 51,748 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 340,493 shares, the short-interest ratio is presently 0.7 days.

Institutional Trading of Fidelity Enhanced Large Cap Growth ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. IAG Wealth Partners LLC boosted its stake in Fidelity Enhanced Large Cap Growth ETF by 2,267.9% during the fourth quarter. IAG Wealth Partners LLC now owns 663 shares of the company’s stock valued at $28,000 after buying an additional 635 shares during the period. Russell Investments Group Ltd. bought a new position in Fidelity Enhanced Large Cap Growth ETF in the 2nd quarter worth about $40,000. Costello Asset Management INC raised its holdings in shares of Fidelity Enhanced Large Cap Growth ETF by 51.9% in the 4th quarter. Costello Asset Management INC now owns 1,025 shares of the company’s stock valued at $43,000 after acquiring an additional 350 shares in the last quarter. Anchor Investment Management LLC purchased a new stake in shares of Fidelity Enhanced Large Cap Growth ETF in the 4th quarter valued at about $61,000. Finally, Aptus Capital Advisors LLC bought a new stake in shares of Fidelity Enhanced Large Cap Growth ETF during the 3rd quarter valued at about $62,000.

Fidelity Enhanced Large Cap Growth ETF Stock Down 0.4%

FELG traded down $0.20 during trading on Friday, hitting $44.85. 107,025 shares of the company traded hands, compared to its average volume of 593,772. The firm has a market cap of $5.77 billion, a P/E ratio of 32.16 and a beta of 1.24. The stock’s fifty day moving average is $43.29 and its 200 day moving average is $41.72. Fidelity Enhanced Large Cap Growth ETF has a one year low of $35.92 and a one year high of $45.63.

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.