Short Interest in Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) Grows By 50.0%

Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) was the target of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 353,832 shares, an increase of 50.0% from the July 30th total of 235,920 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average trading volume of 381,550 shares, the short-interest ratio is presently 0.9 days.

Fidelity Enhanced Large Cap Growth ETF Stock Performance

NYSEARCA:FELG traded down $0.45 on Tuesday, hitting $43.67. 160,559 shares of the stock were exchanged, compared to its average volume of 577,757. The stock has a market capitalization of $5.62 billion, a price-to-earnings ratio of 32.16 and a beta of 1.24. Fidelity Enhanced Large Cap Growth ETF has a 52 week low of $35.92 and a 52 week high of $45.63. The company’s 50-day moving average price is $43.47 and its 200 day moving average price is $42.00.

Institutional Investors Weigh In On Fidelity Enhanced Large Cap Growth ETF

Institutional investors have recently modified their holdings of the business. IAG Wealth Partners LLC lifted its holdings in Fidelity Enhanced Large Cap Growth ETF by 2,267.9% in the fourth quarter. IAG Wealth Partners LLC now owns 663 shares of the company’s stock valued at $28,000 after buying an additional 635 shares during the period. Russell Investments Group Ltd. acquired a new stake in Fidelity Enhanced Large Cap Growth ETF during the 2nd quarter worth $40,000. Costello Asset Management INC raised its position in shares of Fidelity Enhanced Large Cap Growth ETF by 51.9% during the 4th quarter. Costello Asset Management INC now owns 1,025 shares of the company’s stock valued at $43,000 after acquiring an additional 350 shares during the last quarter. Anchor Investment Management LLC bought a new stake in shares of Fidelity Enhanced Large Cap Growth ETF during the 4th quarter valued at $61,000. Finally, Aptus Capital Advisors LLC bought a new stake in shares of Fidelity Enhanced Large Cap Growth ETF during the 3rd quarter valued at $62,000.

Fidelity Enhanced Large Cap Growth ETF Company Profile

The Fidelity Enhanced Large Cap Growth ETF (FELG) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing in large-cap growth stocks belonging to a broad US equity growth index. The fund aims for capital growth FELG was launched on Apr 19, 2007 and is issued by Fidelity.