Fidelity Blue Chip Growth ETF (BATS:FBCG) Shares Shorted: Short Interest Up 120.4% in September

Fidelity Blue Chip Growth ETF (BATS:FBCG) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 560,521 shares, a growth of 120.4% from the September 15th total of 254,350 shares. Based on an average daily trading volume, of 647,205 shares, the short-interest ratio is presently 0.9 days. Approximately 0.6% of the shares of the stock are sold short.

Fidelity Blue Chip Growth ETF Trading Up 0.0%

Shares of BATS FBCG opened at $63.41 on Wednesday. The company’s 50-day moving average price is $62.53 and its 200 day moving average price is $60.40. Fidelity Blue Chip Growth ETF has a 52 week low of $47.60 and a 52 week high of $65.17. The stock has a market cap of $5.75 billion, a price-to-earnings ratio of 29.62 and a beta of 1.32.

Institutional Trading of Fidelity Blue Chip Growth ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Align Financial LLC acquired a new stake in shares of Fidelity Blue Chip Growth ETF during the 4th quarter worth about $845,406,000. Envestnet Asset Management Inc. boosted its position in shares of Fidelity Blue Chip Growth ETF by 7.0% in the second quarter. Envestnet Asset Management Inc. now owns 2,859,109 shares of the company’s stock worth $177,579,000 after acquiring an additional 187,169 shares during the last quarter. Cetera Investment Advisers grew its holdings in Fidelity Blue Chip Growth ETF by 26.4% in the first quarter. Cetera Investment Advisers now owns 1,431,942 shares of the company’s stock valued at $71,769,000 after purchasing an additional 298,784 shares during the period. MML Investors Services LLC grew its holdings in Fidelity Blue Chip Growth ETF by 4.8% in the fourth quarter. MML Investors Services LLC now owns 1,179,739 shares of the company’s stock valued at $64,697,000 after purchasing an additional 54,074 shares during the period. Finally, KFA Private Wealth Group LLC purchased a new stake in Fidelity Blue Chip Growth ETF in the third quarter valued at approximately $67,022,000.

Fidelity Blue Chip Growth ETF Company Profile

The Fidelity Blue Chip Growth ETF (FBCG) is an exchange-traded fund that is based on the Russell 1000 Growth index. The fund is an actively-managed, non-transparent fund of fundamentally-selected global growth stocks. The fund utilizes the Fidelity non-transparent model. FBCG was launched on Jun 3, 2020 and is managed by Fidelity.