Short Interest in Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) Rises By 50.0%

Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) was the target of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 353,832 shares, a growth of 50.0% from the July 30th total of 235,920 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 381,550 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Trading of Fidelity Enhanced Large Cap Growth ETF

A number of hedge funds have recently modified their holdings of the company. Pathfinder Wealth Consulting Inc. bought a new stake in Fidelity Enhanced Large Cap Growth ETF in the fourth quarter valued at approximately $4,210,000. Sunbelt Securities Inc. boosted its position in shares of Fidelity Enhanced Large Cap Growth ETF by 154.6% during the fourth quarter. Sunbelt Securities Inc. now owns 40,505 shares of the company’s stock worth $1,689,000 after purchasing an additional 24,595 shares in the last quarter. Northwest Wealth Advisors LLC boosted its position in shares of 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 worth $7,167,000 after purchasing an additional 23,152 shares in the last quarter. Triad Wealth Partners LLC acquired a new position in shares of Fidelity Enhanced Large Cap Growth ETF in the 1st quarter valued at $778,000. Finally, SHP Wealth Management acquired a new position in shares of Fidelity Enhanced Large Cap Growth ETF in the 4th quarter valued at $608,000.

Fidelity Enhanced Large Cap Growth ETF Stock Performance

NYSEARCA:FELG traded down $0.45 during mid-day trading on Tuesday, hitting $43.67. The company had a trading volume of 160,559 shares, compared to its average volume of 577,757. Fidelity Enhanced Large Cap Growth ETF has a fifty-two week low of $35.92 and a fifty-two week high of $45.63. The firm has a market cap of $5.62 billion, a P/E ratio of 32.16 and a beta of 1.24. The business’s fifty day moving average is $43.47 and its two-hundred day moving average is $42.00.

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.