Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) Sees Large Increase in Short Interest

Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) was the recipient of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 163,228 shares, an increase of 57.9% from the February 12th total of 103,351 shares. Based on an average trading volume of 344,603 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the company’s shares are sold short. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 344,603 shares, the days-to-cover ratio is presently 0.5 days.

Fidelity Enhanced Large Cap Value ETF Price Performance

FELV stock traded down $0.01 during midday trading on Friday, hitting $35.07. The stock had a trading volume of 193,117 shares, compared to its average volume of 189,086. The company’s 50-day moving average price is $36.04 and its 200 day moving average price is $34.59. The firm has a market cap of $2.63 billion, a PE ratio of 18.67 and a beta of 0.86. Fidelity Enhanced Large Cap Value ETF has a 12-month low of $26.48 and a 12-month high of $36.95.

Institutional Trading of Fidelity Enhanced Large Cap Value ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Dunhill Financial LLC increased its stake in shares of Fidelity Enhanced Large Cap Value ETF by 2.3% during the 4th quarter. Dunhill Financial LLC now owns 13,680 shares of the company’s stock valued at $474,000 after acquiring an additional 308 shares during the last quarter. Creative Planning boosted its position in shares of Fidelity Enhanced Large Cap Value ETF by 2.9% in the second quarter. Creative Planning now owns 17,049 shares of the company’s stock worth $542,000 after acquiring an additional 483 shares during the last quarter. Vestia Personal Wealth Advisors boosted its position in shares of Fidelity Enhanced Large Cap Value ETF by 1.5% in the fourth quarter. Vestia Personal Wealth Advisors now owns 34,146 shares of the company’s stock worth $1,221,000 after acquiring an additional 493 shares during the last quarter. Clarity Asset Management Inc. grew its holdings in Fidelity Enhanced Large Cap Value ETF by 3.0% in the fourth quarter. Clarity Asset Management Inc. now owns 18,103 shares of the company’s stock valued at $627,000 after purchasing an additional 524 shares during the period. Finally, Mercer Global Advisors Inc. ADV grew its holdings in Fidelity Enhanced Large Cap Value ETF by 3.4% in the third quarter. Mercer Global Advisors Inc. ADV now owns 16,177 shares of the company’s stock valued at $542,000 after purchasing an additional 538 shares during the period.

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.