Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) Sees Large Drop in Short Interest

Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 119,721 shares, a decrease of 37.6% from the September 30th total of 191,907 shares. Based on an average daily trading volume, of 414,240 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

Fidelity Enhanced Large Cap Growth ETF Price Performance

FELG stock traded down $0.36 during trading on Monday, hitting $41.87. 244,572 shares of the company traded hands, compared to its average volume of 532,619. The stock’s 50-day simple moving average is $44.44 and its 200 day simple moving average is $42.44. The company has a market cap of $5.40 billion, a PE ratio of 32.16 and a beta of 1.23. Fidelity Enhanced Large Cap Growth ETF has a 1 year low of $35.92 and a 1 year high of $46.62.

Institutional Investors Weigh In On Fidelity Enhanced Large Cap Growth ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Commonwealth Equity Services LLC purchased a new stake in Fidelity Enhanced Large Cap Growth ETF during the third quarter worth $194,567,000. Traynor Capital Management Inc. boosted its stake in shares of Fidelity Enhanced Large Cap Growth ETF by 11.8% during the 3rd quarter. Traynor Capital Management Inc. now owns 5,693 shares of the company’s stock worth $257,000 after acquiring an additional 600 shares in the last quarter. Vise Technologies Inc. boosted its stake in shares of Fidelity Enhanced Large Cap Growth ETF by 611.3% during the 3rd quarter. Vise Technologies Inc. now owns 230,872 shares of the company’s stock worth $10,410,000 after acquiring an additional 198,415 shares in the last quarter. Partners Wealth Management LLC purchased a new stake in shares of Fidelity Enhanced Large Cap Growth ETF during the 3rd quarter worth about $3,701,000. Finally, Latitude Advisors LLC acquired a new stake in shares of Fidelity Enhanced Large Cap Growth ETF during the 3rd quarter valued at about $100,000.

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.