Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) Short Interest Down 45.9% in October

Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 81,300 shares, a decline of 45.9% from the September 30th total of 150,400 shares. Based on an average trading volume of 129,800 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 129,800 shares, the days-to-cover ratio is presently 0.6 days.

Fidelity Enhanced Large Cap Value ETF Trading Down 0.3%

Shares of FELV stock opened at $33.54 on Friday. Fidelity Enhanced Large Cap Value ETF has a 1 year low of $26.48 and a 1 year high of $34.13. The firm’s fifty day simple moving average is $33.37 and its 200 day simple moving average is $31.90. The firm has a market capitalization of $2.44 billion, a P/E ratio of 18.67 and a beta of 0.86.

Hedge Funds Weigh In On Fidelity Enhanced Large Cap Value ETF

A number of institutional investors and hedge funds have recently bought and sold shares of FELV. Independence Financial Advisors LLC increased its position in Fidelity Enhanced Large Cap Value ETF by 2,794.7% during the second quarter. Independence Financial Advisors LLC now owns 873,531 shares of the company’s stock worth $27,752,000 after acquiring an additional 843,354 shares during the period. Envestnet Asset Management Inc. increased its position in Fidelity Enhanced Large Cap Value ETF by 2,448.7% during the first quarter. Envestnet Asset Management Inc. now owns 669,212 shares of the company’s stock worth $20,572,000 after acquiring an additional 642,955 shares during the period. Commonwealth Equity Services LLC increased its position in Fidelity Enhanced Large Cap Value ETF by 22.8% during the second quarter. Commonwealth Equity Services LLC now owns 1,727,871 shares of the company’s stock worth $54,894,000 after acquiring an additional 321,351 shares during the period. Weil Company Inc. bought a new position in Fidelity Enhanced Large Cap Value ETF during the second quarter worth $8,054,000. Finally, Stratos Wealth Partners LTD. boosted its stake in Fidelity Enhanced Large Cap Value ETF by 85.0% during the first quarter. Stratos Wealth Partners LTD. now owns 290,588 shares of the company’s stock worth $8,933,000 after buying an additional 133,488 shares in the last quarter.

Fidelity Enhanced Large Cap Value ETF Company Profile

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.