Fidelity Blue Chip Growth ETF (BATS:FBCG) Short Interest Down 78.6% in July

Fidelity Blue Chip Growth ETF (BATS:FBCG) saw a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 60,464 shares, a decrease of 78.6% from the July 15th total of 282,128 shares. Based on an average daily volume of 533,729 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Investors Weigh In On Fidelity Blue Chip Growth ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Investors Research Corp acquired a new stake in shares of Fidelity Blue Chip Growth ETF during the second quarter worth about $38,000. Canvas Wealth Advisors LLC lifted its position in Fidelity Blue Chip Growth ETF by 3.7% during the 2nd quarter. Canvas Wealth Advisors LLC now owns 15,598 shares of the company’s stock worth $969,000 after acquiring an additional 554 shares during the period. Redhawk Wealth Advisors Inc. acquired a new stake in Fidelity Blue Chip Growth ETF during the 2nd quarter worth approximately $12,525,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in shares of Fidelity Blue Chip Growth ETF in the 2nd quarter valued at approximately $246,000. Finally, Wealthcare Capital Partners LLC grew its stake in shares of Fidelity Blue Chip Growth ETF by 7.0% in the 2nd quarter. Wealthcare Capital Partners LLC now owns 8,022 shares of the company’s stock valued at $498,000 after purchasing an additional 528 shares during the last quarter.

Fidelity Blue Chip Growth ETF Price Performance

FBCG stock opened at $63.25 on Friday. The company has a market cap of $5.74 billion, a price-to-earnings ratio of 29.62 and a beta of 1.32. The company has a fifty day moving average price of $61.12 and a 200 day moving average price of $57.49. Fidelity Blue Chip Growth ETF has a 12 month low of $47.60 and a 12 month high of $64.32.

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.