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

Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) was the recipient of a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 74,173 shares, a decline of 54.6% from the February 26th total of 163,228 shares. Based on an average trading volume of 111,632 shares, the short-interest ratio is presently 0.7 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Investors Weigh In On Fidelity Enhanced Large Cap Value ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC boosted its holdings in Fidelity Enhanced Large Cap Value ETF by 4.4% during the third quarter. Commonwealth Equity Services LLC now owns 1,804,538 shares of the company’s stock worth $60,506,000 after buying an additional 76,667 shares during the last quarter. Independence Financial Advisors LLC grew its position in shares of Fidelity Enhanced Large Cap Value ETF by 4.9% during the 3rd quarter. Independence Financial Advisors LLC now owns 916,296 shares of the company’s stock worth $30,723,000 after buying an additional 42,765 shares during the period. Investmark Advisory Group LLC increased its stake in shares of Fidelity Enhanced Large Cap Value ETF by 27.5% in the 3rd quarter. Investmark Advisory Group LLC now owns 80,262 shares of the company’s stock valued at $2,691,000 after acquiring an additional 17,317 shares during the last quarter. Advisory Resource Group increased its stake in shares of Fidelity Enhanced Large Cap Value ETF by 21.7% in the 3rd quarter. Advisory Resource Group now owns 193,529 shares of the company’s stock valued at $6,489,000 after acquiring an additional 34,533 shares during the last quarter. Finally, J.W. Cole Advisors Inc. raised its position in shares of Fidelity Enhanced Large Cap Value ETF by 39.4% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 149,907 shares of the company’s stock valued at $5,026,000 after acquiring an additional 42,383 shares during the period.

Fidelity Enhanced Large Cap Value ETF Price Performance

Shares of Fidelity Enhanced Large Cap Value ETF stock traded down $0.43 on Thursday, hitting $34.69. 143,486 shares of the company’s stock traded hands, compared to its average volume of 221,203. The firm’s 50-day moving average price is $35.97 and its two-hundred day moving average price is $34.71. The stock has a market capitalization of $2.60 billion, a PE ratio of 18.67 and a beta of 0.86. Fidelity Enhanced Large Cap Value ETF has a one year low of $26.48 and a one year high of $36.95.

About Fidelity Enhanced Large Cap Value ETF

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.