Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) Stock Short Interest Drops 68.1%

Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totaling 51,899 shares, a decline of 68.1% from the August 31st total of 162,474 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 314,981 shares, the days-to-cover ratio is presently 0.2 days.

Fidelity Enhanced Large Cap Growth ETF Stock Performance

Shares of NYSEARCA:FELG traded down $0.32 during midday trading on Monday, reaching $45.06. 335,424 shares of the company’s stock traded hands, compared to its average volume of 553,237. The company has a fifty day simple moving average of $43.90 and a two-hundred day simple moving average of $42.63. Fidelity Enhanced Large Cap Growth ETF has a 1 year low of $35.92 and a 1 year high of $45.63. The company has a market cap of $5.77 billion, a P/E ratio of 32.16 and a beta of 1.24.

Hedge Funds Weigh In On Fidelity Enhanced Large Cap Growth ETF

Several hedge funds and other institutional investors have recently made changes to their positions in FELG. IAG Wealth Partners LLC lifted its holdings in Fidelity Enhanced Large Cap Growth ETF by 2,267.9% in the 4th quarter. IAG Wealth Partners LLC now owns 663 shares of the company’s stock valued at $28,000 after purchasing an additional 635 shares in the last quarter. Anchor Investment Management LLC purchased a new stake in shares of Fidelity Enhanced Large Cap Growth ETF during the 4th quarter valued at approximately $61,000. Fifth Third Bancorp lifted its stake in shares of Fidelity Enhanced Large Cap Growth ETF by 4,727.1% in the 1st quarter. Fifth Third Bancorp now owns 3,379 shares of the company’s stock valued at $127,000 after purchasing an additional 3,309 shares during the last quarter. Elevation Wealth Partners LLC purchased a new position in Fidelity Enhanced Large Cap Growth ETF during the second quarter worth about $153,000. Finally, Merkkuri Wealth Advisors LLC acquired a new stake in Fidelity Enhanced Large Cap Growth ETF in the 1st quarter valued at approximately $168,000.

About Fidelity Enhanced Large Cap Growth ETF

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.