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

Fidelity Fundamental Large Cap Growth ETF (BATS:FFLG) was the target of a large drop in short interest in September. As of September 15th, there was short interest totaling 11,043 shares, a drop of 83.8% from the August 31st total of 68,166 shares. Based on an average daily volume of 42,869 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are sold short.

Fidelity Fundamental Large Cap Growth ETF Trading Up 0.4%

Shares of FFLG stock opened at $34.20 on Friday. The firm has a fifty day moving average price of $32.99 and a 200 day moving average price of $32.39. The company has a market cap of $569.43 million, a P/E ratio of 34.87 and a beta of 1.27. Fidelity Fundamental Large Cap Growth ETF has a 12 month low of $26.40 and a 12 month high of $35.33.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. MWA Asset Management purchased a new position in shares of Fidelity Fundamental Large Cap Growth ETF in the 1st quarter valued at about $78,000. Foundations Investment Advisors LLC acquired a new position in Fidelity Fundamental Large Cap Growth ETF in the fourth quarter valued at approximately $229,000. Independent Financial Group LLC purchased a new position in Fidelity Fundamental Large Cap Growth ETF in the first quarter valued at approximately $326,000. CLG LLC increased its stake in Fidelity Fundamental Large Cap Growth ETF by 33.1% in the first quarter. CLG LLC now owns 12,162 shares of the company’s stock valued at $338,000 after purchasing an additional 3,027 shares during the last quarter. Finally, Private Advisor Group LLC raised its holdings in Fidelity Fundamental Large Cap Growth ETF by 10.4% during the first quarter. Private Advisor Group LLC now owns 16,780 shares of the company’s stock worth $467,000 after purchasing an additional 1,580 shares in 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.