Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) Sees Significant Increase in Short Interest

Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) was the recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 1,052,706 shares, an increase of 929.8% from the May 14th total of 102,221 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 834,850 shares, the days-to-cover ratio is currently 1.3 days.

Fidelity Enhanced Large Cap Core ETF Stock Performance

Fidelity Enhanced Large Cap Core ETF stock opened at $41.30 on Wednesday. The firm’s fifty day moving average price is $40.05 and its 200-day moving average price is $38.73. The stock has a market cap of $7.20 billion, a P/E ratio of 24.29 and a beta of 1.01. Fidelity Enhanced Large Cap Core ETF has a fifty-two week low of $32.97 and a fifty-two week high of $42.66.

Hedge Funds Weigh In On Fidelity Enhanced Large Cap Core ETF

Several institutional investors and hedge funds have recently made changes to their positions in FELC. Root Financial Partners LLC bought a new position in shares of Fidelity Enhanced Large Cap Core ETF during the 1st quarter valued at $25,000. Ameriflex Group Inc. increased its stake in Fidelity Enhanced Large Cap Core ETF by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 686 shares of the company’s stock worth $26,000 after purchasing an additional 343 shares during the period. Fifth Third Bancorp purchased a new position in Fidelity Enhanced Large Cap Core ETF in the 4th quarter worth approximately $31,000. Rialto Wealth Management LLC purchased a new position in Fidelity Enhanced Large Cap Core ETF in the 4th quarter worth approximately $32,000. Finally, EverSource Wealth Advisors LLC increased its stake in Fidelity Enhanced Large Cap Core ETF by 1,173.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 904 shares of the company’s stock worth $33,000 after purchasing an additional 833 shares during the period.

About Fidelity Enhanced Large Cap Core ETF

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