Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) Sees Large Growth in Short Interest

Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) saw a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 1,052,706 shares, a growth of 929.8% from the May 14th total of 102,221 shares. Based on an average daily trading volume, of 834,850 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.6% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC increased its stake in shares of Fidelity Enhanced Large Cap Core ETF by 65.4% in the first quarter. NewEdge Advisors LLC now owns 1,893,097 shares of the company’s stock valued at $68,663,000 after buying an additional 748,283 shares during the period. Maripau Wealth Management LLC increased its stake in shares of Fidelity Enhanced Large Cap Core ETF by 3.9% in the first quarter. Maripau Wealth Management LLC now owns 52,456 shares of the company’s stock valued at $1,903,000 after buying an additional 1,971 shares during the period. Western Wealth Management LLC acquired a new stake in Fidelity Enhanced Large Cap Core ETF during the 1st quarter valued at approximately $95,000. Bank of America Corp DE increased its position in Fidelity Enhanced Large Cap Core ETF by 3.3% during the 1st quarter. Bank of America Corp DE now owns 399,974 shares of the company’s stock valued at $14,507,000 after purchasing an additional 12,937 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in Fidelity Enhanced Large Cap Core ETF by 1,173.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 904 shares of the company’s stock valued at $33,000 after purchasing an additional 833 shares during the period.

Fidelity Enhanced Large Cap Core ETF Stock Performance

Shares of Fidelity Enhanced Large Cap Core ETF stock traded up $0.64 on Thursday, hitting $41.21. The stock had a trading volume of 717,247 shares, compared to its average volume of 1,067,377. The stock has a 50 day moving average of $40.16 and a 200 day moving average of $38.76. Fidelity Enhanced Large Cap Core ETF has a twelve month low of $32.97 and a twelve month high of $42.66. The firm has a market capitalization of $7.19 billion, a P/E ratio of 24.29 and a beta of 1.01.

Fidelity Enhanced Large Cap Core ETF Company Profile

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