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

Fidelity Fundamental Large Cap Growth ETF (BATS:FFLG) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 90,948 shares, a drop of 43.2% from the May 31st total of 160,038 shares. Based on an average trading volume of 104,816 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.5% of the company’s shares are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new position in shares of Fidelity Fundamental Large Cap Growth ETF in the second quarter valued at approximately $219,000. Benjamin Edwards Inc. boosted its position in Fidelity Fundamental Large Cap Growth ETF by 2.9% in the 2nd quarter. Benjamin Edwards Inc. now owns 19,518 shares of the company’s stock valued at $519,000 after buying an additional 546 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Fidelity Fundamental Large Cap Growth ETF by 2.5% in the third quarter. JPMorgan Chase & Co. now owns 83,383 shares of the company’s stock worth $2,458,000 after acquiring an additional 2,001 shares in the last quarter. PKS Advisory Services LLC grew its stake in shares of Fidelity Fundamental Large Cap Growth ETF by 7.1% in the third quarter. PKS Advisory Services LLC now owns 12,113 shares of the company’s stock worth $357,000 after acquiring an additional 800 shares in the last quarter. Finally, CLG LLC increased its position in shares of Fidelity Fundamental Large Cap Growth ETF by 6.2% during the third quarter. CLG LLC now owns 8,470 shares of the company’s stock worth $250,000 after acquiring an additional 492 shares during the period.

Fidelity Fundamental Large Cap Growth ETF Price Performance

BATS FFLG opened at $34.02 on Thursday. The company has a market cap of $566.43 million, a P/E ratio of 34.87 and a beta of 1.27. The stock has a 50-day moving average of $33.66 and a two-hundred day moving average of $30.99. Fidelity Fundamental Large Cap Growth ETF has a 1-year low of $26.25 and a 1-year high of $35.33.

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.