Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) Stock Short Interest Declines 68.1%

Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 51,899 shares, a decrease of 68.1% from the August 31st total of 162,474 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 314,981 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Fidelity Enhanced Large Cap Growth ETF

Institutional investors have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC increased its stake in shares of Fidelity Enhanced Large Cap Growth ETF by 2.1% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 13,781 shares of the company’s stock worth $603,000 after acquiring an additional 277 shares in the last quarter. NewEdge Advisors LLC boosted its stake in Fidelity Enhanced Large Cap Growth ETF by 7.9% during the second quarter. NewEdge Advisors LLC now owns 75,944 shares of the company’s stock worth $3,323,000 after acquiring an additional 5,553 shares in the last quarter. Citadel Advisors LLC bought a new stake in Fidelity Enhanced Large Cap Growth ETF during the second quarter worth about $3,659,000. Corient Private Wealth LP grew its holdings in Fidelity Enhanced Large Cap Growth ETF by 10.4% in the second quarter. Corient Private Wealth LP now owns 6,400 shares of the company’s stock worth $280,000 after purchasing an additional 604 shares during the period. Finally, Ameritas Advisory Services LLC purchased a new stake in Fidelity Enhanced Large Cap Growth ETF in the second quarter worth about $233,000.

Fidelity Enhanced Large Cap Growth ETF Price Performance

Fidelity Enhanced Large Cap Growth ETF stock remained flat at $45.06 during mid-day trading on Tuesday. 154,065 shares of the company’s stock were exchanged, compared to its average volume of 551,057. Fidelity Enhanced Large Cap Growth ETF has a fifty-two week low of $35.92 and a fifty-two week high of $45.63. The stock has a market capitalization of $5.77 billion, a price-to-earnings ratio of 32.16 and a beta of 1.24. The stock’s 50-day moving average price is $43.95 and its 200 day moving average price is $42.67.

About Fidelity Enhanced Large Cap Growth ETF

The Fidelity Enhanced Large Cap Growth ETF (FELG) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing in large-cap growth stocks belonging to a broad US equity growth index. The fund aims for capital growth FELG was launched on Apr 19, 2007 and is issued by Fidelity.