Short Interest in Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) Drops By 54.1%

Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 162,474 shares, a drop of 54.1% from the August 15th total of 353,832 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 384,253 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Kestra Advisory Services LLC increased its position in shares of Fidelity Enhanced Large Cap Growth ETF by 92.2% during the 1st quarter. Kestra Advisory Services LLC now owns 1,517,007 shares of the company’s stock worth $56,873,000 after purchasing an additional 727,523 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of Fidelity Enhanced Large Cap Growth ETF by 118.2% in the 1st quarter. Cetera Investment Advisers now owns 1,253,764 shares of the company’s stock valued at $47,004,000 after buying an additional 679,248 shares during the last quarter. IAG Wealth Partners LLC boosted its holdings in shares of Fidelity Enhanced Large Cap Growth ETF by 81,457.0% in the 1st quarter. IAG Wealth Partners LLC now owns 540,723 shares of the company’s stock valued at $20,272,000 after buying an additional 540,060 shares during the last quarter. Bleakley Financial Group LLC bought a new position in shares of Fidelity Enhanced Large Cap Growth ETF in the fourth quarter valued at $12,543,000. Finally, MML Investors Services LLC grew its stake in shares of Fidelity Enhanced Large Cap Growth ETF by 4.7% in the fourth quarter. MML Investors Services LLC now owns 6,343,591 shares of the company’s stock valued at $264,528,000 after buying an additional 285,730 shares in the last quarter.

Fidelity Enhanced Large Cap Growth ETF Trading Down 0.0%

Shares of NYSEARCA:FELG traded down $0.02 during trading on Wednesday, hitting $43.48. 309,697 shares of the company’s stock traded hands, compared to its average volume of 563,557. The company has a 50-day moving average price of $43.70 and a 200-day moving average price of $42.34. Fidelity Enhanced Large Cap Growth ETF has a 52 week low of $35.92 and a 52 week high of $45.63. The company has a market cap of $5.60 billion, a price-to-earnings ratio of 32.16 and a beta of 1.24.

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.