Fidelity Fundamental Large Cap Growth ETF (BATS:FFLG) Sees Large Growth in Short Interest

Fidelity Fundamental Large Cap Growth ETF (BATS:FFLG) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 243,145 shares, an increase of 509.0% from the June 30th total of 39,927 shares. Approximately 1.5% of the company’s shares are sold short. Based on an average daily trading volume, of 91,186 shares, the short-interest ratio is presently 2.7 days.

Fidelity Fundamental Large Cap Growth ETF Trading Down 1.2%

FFLG stock opened at $31.88 on Friday. Fidelity Fundamental Large Cap Growth ETF has a one year low of $26.40 and a one year high of $35.33. The firm has a 50-day moving average of $33.70 and a two-hundred day moving average of $31.35. The firm has a market capitalization of $530.80 million, a PE ratio of 34.87 and a beta of 1.27.

Institutional Investors Weigh In On Fidelity Fundamental Large Cap Growth ETF

Several hedge funds have recently made changes to their positions in the company. Investment Advisory Services Inc. TX ADV raised its holdings in shares of Fidelity Fundamental Large Cap Growth ETF by 7.8% during the fourth quarter. Investment Advisory Services Inc. TX ADV now owns 253,616 shares of the company’s stock worth $7,593,000 after acquiring an additional 18,443 shares in the last quarter. Kestra Advisory Services LLC boosted its position in Fidelity Fundamental Large Cap Growth ETF by 10.8% during the first quarter. Kestra Advisory Services LLC now owns 1,869,844 shares of the company’s stock valued at $52,000,000 after purchasing an additional 182,346 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Fidelity Fundamental Large Cap Growth ETF by 2.5% in the third quarter. JPMorgan Chase & Co. now owns 83,383 shares of the company’s stock valued at $2,458,000 after purchasing an additional 2,001 shares in the last quarter. CLG LLC increased its position in Fidelity Fundamental Large Cap Growth ETF by 7.9% in the 4th quarter. CLG LLC now owns 9,135 shares of the company’s stock worth $273,000 after purchasing an additional 665 shares during the last quarter. Finally, Financial Management Network Inc. increased its position in Fidelity Fundamental Large Cap Growth ETF by 2.4% in the 1st quarter. Financial Management Network Inc. now owns 287,184 shares of the company’s stock worth $8,558,000 after purchasing an additional 6,708 shares during the last quarter.

About Fidelity Fundamental Large Cap Growth ETF

The Fidelity Fundamental Large Cap Growth ETF (FFLG) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund that invests in large-cap growth stocks from US and foreign issuers. Stocks are selected based on fundamental factors FFLG was launched on Feb 2, 2021 and is issued by Fidelity.