Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) Sees Large Decline in Short Interest

Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) was the target of a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 42,806 shares, a drop of 41.4% from the December 15th total of 73,042 shares. Based on an average daily volume of 137,268 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 137,268 shares, the days-to-cover ratio is presently 0.3 days.

Fidelity Enhanced Large Cap Value ETF Trading Up 0.0%

Shares of Fidelity Enhanced Large Cap Value ETF stock traded up $0.01 on Friday, reaching $35.72. The stock had a trading volume of 82,074 shares, compared to its average volume of 182,789. The business’s 50 day moving average is $34.61 and its two-hundred day moving average is $33.48. Fidelity Enhanced Large Cap Value ETF has a 1 year low of $26.48 and a 1 year high of $35.85. The company has a market cap of $2.62 billion, a P/E ratio of 18.67 and a beta of 0.86.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Independence Financial Advisors LLC boosted its stake in Fidelity Enhanced Large Cap Value ETF by 3.6% during the fourth quarter. Independence Financial Advisors LLC now owns 949,124 shares of the company’s stock valued at $32,897,000 after buying an additional 32,828 shares during the period. Centurion Wealth Management LLC purchased a new stake in shares of Fidelity Enhanced Large Cap Value ETF in the 4th quarter valued at about $258,000. CoreCap Advisors LLC boosted its position in shares of Fidelity Enhanced Large Cap Value ETF by 430.2% during the 4th quarter. CoreCap Advisors LLC now owns 2,301 shares of the company’s stock valued at $80,000 after acquiring an additional 1,867 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Fidelity Enhanced Large Cap Value ETF by 31.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 11,801 shares of the company’s stock valued at $420,000 after acquiring an additional 2,815 shares during the last quarter. Finally, Processus Wealth & Capital Management LLC increased its position in shares of Fidelity Enhanced Large Cap Value ETF by 2.6% in the fourth quarter. Processus Wealth & Capital Management LLC now owns 79,229 shares of the company’s stock worth $2,746,000 after purchasing an additional 2,006 shares during the last quarter.

Fidelity Enhanced Large Cap Value ETF Company Profile

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