Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) Stock Short Interest Climbs 566.0%

Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 430,056 shares, a growth of 566.0% from the September 30th total of 64,574 shares. Based on an average daily volume of 392,035 shares, the short-interest ratio is currently 1.1 days. Approximately 0.5% of the shares of the stock are sold short.

Institutional Trading of Fidelity Enhanced Large Cap Value ETF

Several large investors have recently bought and sold shares of the company. Independence Financial Advisors LLC lifted its position in Fidelity Enhanced Large Cap Value ETF by 4.3% during the 3rd quarter. Independence Financial Advisors LLC now owns 700,113 shares of the company’s stock valued at $28,964,000 after acquiring an additional 29,003 shares during the period. Cetera Investment Advisers boosted its position in shares of Fidelity Enhanced Large Cap Value ETF by 5.9% during the first quarter. Cetera Investment Advisers now owns 246,013 shares of the company’s stock valued at $8,588,000 after buying an additional 13,686 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Fidelity Enhanced Large Cap Value ETF by 28.0% during the second quarter. Envestnet Asset Management Inc. now owns 93,705 shares of the company’s stock valued at $3,757,000 after purchasing an additional 20,470 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Fidelity Enhanced Large Cap Value ETF by 23.7% during the 2nd quarter. NewEdge Advisors LLC now owns 52,263 shares of the company’s stock valued at $2,095,000 after buying an additional 10,002 shares during the period. Finally, James Investment Research Inc. raised its position in Fidelity Enhanced Large Cap Value ETF by 13.6% in the first quarter. James Investment Research Inc. now owns 28,993 shares of the company’s stock worth $1,012,000 after acquiring an additional 3,465 shares during the period.

Fidelity Enhanced Large Cap Value ETF Trading Up 0.4%

Shares of FELV traded up $0.19 during mid-day trading on Thursday, reaching $43.19. The company’s stock had a trading volume of 207,376 shares, compared to its average volume of 221,612. The stock has a market cap of $3.64 billion, a PE ratio of 18.67 and a beta of 0.78. Fidelity Enhanced Large Cap Value ETF has a 52 week low of $32.83 and a 52 week high of $43.27. The company’s fifty day moving average price is $42.42 and its two-hundred day moving average price is $39.21.

About Fidelity Enhanced Large Cap Value ETF

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