Fidelity Fundamental Large Cap Growth ETF (BATS:FFLG) Stock Short Interest Drops 83.8%

Fidelity Fundamental Large Cap Growth ETF (BATS:FFLG) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 11,043 shares, a decline of 83.8% from the August 31st total of 68,166 shares. Based on an average trading volume of 42,869 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are sold short.

Fidelity Fundamental Large Cap Growth ETF Stock Performance

Shares of FFLG stock opened at $34.20 on Friday. The stock’s 50-day moving average is $32.99 and its two-hundred day moving average is $32.39. The firm has a market cap of $569.43 million, a price-to-earnings ratio of 34.87 and a beta of 1.27. Fidelity Fundamental Large Cap Growth ETF has a 1 year low of $26.40 and a 1 year high of $35.33.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC lifted its stake in Fidelity Fundamental Large Cap Growth ETF by 10.8% in the first quarter. Kestra Advisory Services LLC now owns 1,869,844 shares of the company’s stock valued at $52,000,000 after buying an additional 182,346 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Fidelity Fundamental Large Cap Growth ETF during the second quarter worth approximately $1,479,000. CLG LLC increased its holdings in shares of Fidelity Fundamental Large Cap Growth ETF by 33.1% in the 1st quarter. CLG LLC now owns 12,162 shares of the company’s stock valued at $338,000 after acquiring an additional 3,027 shares during the period. MWA Asset Management purchased a new stake in Fidelity Fundamental Large Cap Growth ETF in the 1st quarter valued at $78,000. Finally, Independent Financial Group LLC acquired a new stake in Fidelity Fundamental Large Cap Growth ETF during the 1st quarter worth $326,000.

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.