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

Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) was the target of a significant decrease in short interest in December. As of December 15th, there was short interest totaling 73,042 shares, a decrease of 38.6% from the November 30th total of 119,020 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 108,072 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily trading volume, of 108,072 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.1% of the shares of the company are sold short.

Hedge Funds Weigh In On Fidelity Enhanced Large Cap Value ETF

A number of hedge funds have recently modified their holdings of the company. CIBC Bancorp USA Inc. purchased a new stake in shares of Fidelity Enhanced Large Cap Value ETF in the third quarter worth $226,000. Sunbelt Securities Inc. boosted its stake in Fidelity Enhanced Large Cap Value ETF by 4.3% during the third quarter. Sunbelt Securities Inc. now owns 49,954 shares of the company’s stock valued at $1,675,000 after buying an additional 2,081 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Fidelity Enhanced Large Cap Value ETF by 6.7% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 11,306 shares of the company’s stock valued at $379,000 after buying an additional 711 shares in the last quarter. Mariner LLC increased its stake in Fidelity Enhanced Large Cap Value ETF by 22.9% in the 3rd quarter. Mariner LLC now owns 9,445 shares of the company’s stock worth $317,000 after acquiring an additional 1,758 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its holdings in shares of Fidelity Enhanced Large Cap Value ETF by 3.4% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 16,177 shares of the company’s stock worth $542,000 after acquiring an additional 538 shares in the last quarter.

Fidelity Enhanced Large Cap Value ETF Stock Performance

Shares of FELV stock remained flat at $34.94 during trading hours on Tuesday. The stock had a trading volume of 64,407 shares, compared to its average volume of 162,297. The stock’s 50-day moving average price is $34.17 and its 200-day moving average price is $33.13. The stock has a market cap of $2.54 billion, a P/E ratio of 18.67 and a beta of 0.86. Fidelity Enhanced Large Cap Value ETF has a 12-month low of $26.48 and a 12-month high of $35.13.

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.