Short Interest in Fidelity Fundamental Large Cap Core ETF (BATS:FFLC) Drops By 67.0%

Fidelity Fundamental Large Cap Core ETF (BATS:FFLC) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 40,301 shares, a drop of 67.0% from the May 31st total of 122,073 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 103,379 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Sunbelt Securities Inc. purchased a new stake in Fidelity Fundamental Large Cap Core ETF in the 3rd quarter worth approximately $26,000. Financial Freedom LLC purchased a new position in shares of Fidelity Fundamental Large Cap Core ETF during the 1st quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Fidelity Fundamental Large Cap Core ETF in the 3rd quarter valued at $29,000. Steward Partners Investment Advisory LLC lifted its stake in shares of Fidelity Fundamental Large Cap Core ETF by 380.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 625 shares of the company’s stock valued at $33,000 after purchasing an additional 495 shares during the period. Finally, Coston McIsaac & Partners boosted its holdings in Fidelity Fundamental Large Cap Core ETF by 42.1% during the first quarter. Coston McIsaac & Partners now owns 668 shares of the company’s stock worth $34,000 after buying an additional 198 shares in the last quarter.

Fidelity Fundamental Large Cap Core ETF Stock Down 0.9%

Shares of FFLC stock opened at $57.59 on Friday. Fidelity Fundamental Large Cap Core ETF has a 52-week low of $48.29 and a 52-week high of $59.80. The stock has a market cap of $909.92 million, a PE ratio of 24.24 and a beta of 0.94. The business has a 50-day simple moving average of $57.92 and a 200-day simple moving average of $55.10.

About Fidelity Fundamental Large Cap Core ETF

The Fidelity Fundamental Large Cap Core ETF (FFLC) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed core portfolio of large-cap stocks from US and foreign issuers. Stocks are selected based on fundamental factors. FFLC was launched on Jun 3, 2020 and is issued by Fidelity.