Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) Short Interest Update

Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) saw a large growth in short interest in May. As of May 29th, there was short interest totaling 286,050 shares, a growth of 198.3% from the May 14th total of 95,901 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 355,926 shares, the short-interest ratio is currently 0.8 days.

Fidelity Enhanced Large Cap Growth ETF Price Performance

Shares of FELG stock opened at $42.99 on Friday. The firm has a market capitalization of $5.43 billion, a price-to-earnings ratio of 32.16 and a beta of 1.22. The business has a fifty day moving average of $42.46 and a 200 day moving average of $41.19. Fidelity Enhanced Large Cap Growth ETF has a 1 year low of $35.09 and a 1 year high of $45.63.

Hedge Funds Weigh In On Fidelity Enhanced Large Cap Growth ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its holdings in Fidelity Enhanced Large Cap Growth ETF by 52.0% in the 1st quarter. Royal Bank of Canada now owns 45,754 shares of the company’s stock worth $1,442,000 after buying an additional 15,660 shares during the period. Russell Investments Group Ltd. acquired a new position in Fidelity Enhanced Large Cap Growth ETF in the 2nd quarter worth approximately $40,000. Marshall Wace LLP acquired a new position in Fidelity Enhanced Large Cap Growth ETF in the 2nd quarter worth approximately $1,289,000. NewEdge Advisors LLC increased its holdings in Fidelity Enhanced Large Cap Growth ETF by 31.2% in the 2nd quarter. NewEdge Advisors LLC now owns 22,225 shares of the company’s stock worth $823,000 after buying an additional 5,284 shares during the period. Finally, Quantinno Capital Management LP purchased a new stake in Fidelity Enhanced Large Cap Growth ETF in the second quarter valued at $407,000.

Fidelity Enhanced Large Cap Growth ETF Company Profile

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.