Fidelity Blue Chip Growth ETF (BATS:FBCG) Sees Large Increase in Short Interest

Fidelity Blue Chip Growth ETF (BATS:FBCG) saw a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 256,038 shares, a growth of 323.5% from the July 30th total of 60,464 shares. Based on an average trading volume of 690,424 shares, the short-interest ratio is presently 0.4 days. Currently, 0.3% of the company’s stock are sold short.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Ameritas Advisory Services LLC purchased a new stake in Fidelity Blue Chip Growth ETF in the second quarter valued at about $305,000. Kintra Wealth LLC purchased a new stake in shares of Fidelity Blue Chip Growth ETF during the second quarter worth about $2,170,000. POM Investment Strategies LLC grew its stake in shares of Fidelity Blue Chip Growth ETF by 107.6% during the second quarter. POM Investment Strategies LLC now owns 20,716 shares of the company’s stock worth $1,287,000 after acquiring an additional 10,739 shares during the last quarter. SFG Wealth Management LLC. acquired a new position in shares of Fidelity Blue Chip Growth ETF during the second quarter valued at about $723,000. Finally, Unique Wealth LLC increased its holdings in shares of Fidelity Blue Chip Growth ETF by 0.4% during the second quarter. Unique Wealth LLC now owns 399,413 shares of the company’s stock valued at $24,808,000 after acquiring an additional 1,557 shares in the last quarter.

Fidelity Blue Chip Growth ETF Trading Up 1.3%

Shares of FBCG stock traded up $0.78 during trading hours on Thursday, reaching $62.20. 179,280 shares of the company’s stock were exchanged, compared to its average volume of 619,824. Fidelity Blue Chip Growth ETF has a fifty-two week low of $47.60 and a fifty-two week high of $64.32. The stock’s 50 day moving average is $61.25 and its 200-day moving average is $57.96. The company has a market cap of $5.64 billion, a price-to-earnings ratio of 29.62 and a beta of 1.32.

Fidelity Blue Chip Growth ETF Company Profile

The Fidelity Blue Chip Growth ETF (FBCG) is an exchange-traded fund that is based on the Russell 1000 Growth index. The fund is an actively-managed, non-transparent fund of fundamentally-selected global growth stocks. The fund utilizes the Fidelity non-transparent model. FBCG was launched on Jun 3, 2020 and is managed by Fidelity.