Fidelity Fundamental Large Cap Growth ETF (BATS:FFLG) Sees Large Growth in Short Interest

Fidelity Fundamental Large Cap Growth ETF (BATS:FFLG) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 243,145 shares, a growth of 509.0% from the June 30th total of 39,927 shares. Based on an average daily volume of 91,186 shares, the days-to-cover ratio is currently 2.7 days. Currently, 1.5% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FFLG. Kestra Advisory Services LLC lifted its position in shares of Fidelity Fundamental Large Cap Growth ETF by 10.8% during the 1st quarter. Kestra Advisory Services LLC now owns 1,869,844 shares of the company’s stock valued at $52,000,000 after acquiring an additional 182,346 shares during the last quarter. Flow Traders U.S. LLC acquired a new position in shares of Fidelity Fundamental Large Cap Growth ETF in the 3rd quarter worth $909,000. LPL Financial LLC raised its position in shares of Fidelity Fundamental Large Cap Growth ETF by 12.1% during the fourth quarter. LPL Financial LLC now owns 208,504 shares of the company’s stock worth $6,243,000 after purchasing an additional 22,499 shares during the period. Raymond James Financial Inc. raised its position in shares of Fidelity Fundamental Large Cap Growth ETF by 241.8% during the third quarter. Raymond James Financial Inc. now owns 28,216 shares of the company’s stock worth $832,000 after purchasing an additional 19,960 shares during the period. Finally, Investment Advisory Services Inc. TX ADV lifted its holdings in shares of Fidelity Fundamental Large Cap Growth ETF by 7.8% during the fourth quarter. Investment Advisory Services Inc. TX ADV now owns 253,616 shares of the company’s stock valued at $7,593,000 after purchasing an additional 18,443 shares during the last quarter.

Fidelity Fundamental Large Cap Growth ETF Price Performance

FFLG stock opened at $31.88 on Friday. Fidelity Fundamental Large Cap Growth ETF has a 12 month low of $26.40 and a 12 month high of $35.33. The firm has a market cap of $530.80 million, a PE ratio of 34.87 and a beta of 1.27. The firm has a 50 day simple moving average of $33.70 and a 200 day simple moving average of $31.35.

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.