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

Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 264,203 shares, a growth of 256.2% from the March 15th total of 74,173 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average trading volume of 399,295 shares, the short-interest ratio is currently 0.7 days.

Hedge Funds Weigh In On Fidelity Enhanced Large Cap Value ETF

Several hedge funds have recently bought and sold shares of FELV. Commonwealth Equity Services LLC increased its stake in Fidelity Enhanced Large Cap Value ETF by 4.4% during the third quarter. Commonwealth Equity Services LLC now owns 1,804,538 shares of the company’s stock worth $60,506,000 after purchasing an additional 76,667 shares during the period. Independence Financial Advisors LLC boosted its stake in shares of Fidelity Enhanced Large Cap Value ETF by 4.9% in the third quarter. Independence Financial Advisors LLC now owns 916,296 shares of the company’s stock valued at $30,723,000 after purchasing an additional 42,765 shares during the period. Investmark Advisory Group LLC grew its holdings in shares of Fidelity Enhanced Large Cap Value ETF by 27.5% in the third quarter. Investmark Advisory Group LLC now owns 80,262 shares of the company’s stock valued at $2,691,000 after purchasing an additional 17,317 shares in the last quarter. Advisory Resource Group grew its holdings in shares of Fidelity Enhanced Large Cap Value ETF by 21.7% in the third quarter. Advisory Resource Group now owns 193,529 shares of the company’s stock valued at $6,489,000 after purchasing an additional 34,533 shares in the last quarter. Finally, J.W. Cole Advisors Inc. increased its stake in Fidelity Enhanced Large Cap Value ETF by 39.4% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 149,907 shares of the company’s stock worth $5,026,000 after buying an additional 42,383 shares during the period.

Fidelity Enhanced Large Cap Value ETF Price Performance

Shares of NYSEARCA:FELV traded down $0.20 during mid-day trading on Friday, reaching $36.22. 366,788 shares of the company were exchanged, compared to its average volume of 224,012. Fidelity Enhanced Large Cap Value ETF has a 1 year low of $27.95 and a 1 year high of $36.95. The firm’s 50-day simple moving average is $35.84 and its 200 day simple moving average is $34.86. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of 18.67 and a beta of 0.82.

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.