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

Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) was the recipient of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 64,574 shares, a decrease of 91.4% from the September 15th total of 754,499 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 382,316 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Fidelity Enhanced Large Cap Value ETF

A number of large investors have recently made changes to their positions in the stock. Waverly Advisors LLC boosted its position in shares of Fidelity Enhanced Large Cap Value ETF by 2.7% in the second quarter. Waverly Advisors LLC now owns 9,446 shares of the company’s stock worth $379,000 after purchasing an additional 247 shares during the period. Roxbury Financial LLC raised its position in shares of Fidelity Enhanced Large Cap Value ETF by 2.5% during the 2nd quarter. Roxbury Financial LLC now owns 11,275 shares of the company’s stock valued at $452,000 after purchasing an additional 271 shares during the period. Clarity Asset Management Inc. raised its position in shares of Fidelity Enhanced Large Cap Value ETF by 3.0% during the 4th quarter. Clarity Asset Management Inc. now owns 18,103 shares of the company’s stock valued at $627,000 after purchasing an additional 524 shares during the period. Private Advisor Group LLC lifted its stake in shares of Fidelity Enhanced Large Cap Value ETF by 6.4% during the 1st quarter. Private Advisor Group LLC now owns 10,209 shares of the company’s stock valued at $356,000 after buying an additional 616 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of Fidelity Enhanced Large Cap Value ETF by 7.8% during the 1st quarter. Bank of America Corp DE now owns 12,218 shares of the company’s stock valued at $427,000 after buying an additional 886 shares in the last quarter.

Fidelity Enhanced Large Cap Value ETF Price Performance

Shares of Fidelity Enhanced Large Cap Value ETF stock traded up $0.25 during trading on Friday, hitting $42.31. 404,254 shares of the company’s stock traded hands, compared to its average volume of 207,807. Fidelity Enhanced Large Cap Value ETF has a 1 year low of $32.73 and a 1 year high of $43.26. The business has a 50-day simple moving average of $42.44 and a 200-day simple moving average of $39.99. The stock has a market capitalization of $3.49 billion, a P/E ratio of 18.67 and a beta of 0.78.

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.