Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV – Get Free Report) was the target of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 55,003 shares, a decline of 48.1% from the April 30th total of 105,917 shares. Based on an average daily volume of 151,613 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the shares of the company are sold short.
Fidelity Enhanced Large Cap Value ETF Stock Performance
NYSEARCA:FELV remained flat at $39.25 during mid-day trading on Monday. The company’s stock had a trading volume of 124,156 shares, compared to its average volume of 199,129. The company has a 50 day moving average of $36.99 and a two-hundred day moving average of $35.90. Fidelity Enhanced Large Cap Value ETF has a twelve month low of $30.53 and a twelve month high of $39.45. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 18.67 and a beta of 0.82.
Institutional Trading of Fidelity Enhanced Large Cap Value ETF
Several hedge funds have recently bought and sold shares of the stock. Founders Financial Alliance LLC purchased a new stake in shares of Fidelity Enhanced Large Cap Value ETF in the third quarter worth about $25,000. Holos Integrated Wealth LLC purchased a new stake in shares of Fidelity Enhanced Large Cap Value ETF in the fourth quarter worth about $31,000. Assetmark Inc. lifted its position in shares of Fidelity Enhanced Large Cap Value ETF by 178.6% in the fourth quarter. Assetmark Inc. now owns 1,482 shares of the company’s stock worth $51,000 after buying an additional 950 shares in the last quarter. SHP Wealth Management purchased a new stake in shares of Fidelity Enhanced Large Cap Value ETF in the fourth quarter worth about $53,000. Finally, CoreCap Advisors LLC lifted its position in shares of Fidelity Enhanced Large Cap Value ETF by 430.2% in the fourth quarter. CoreCap Advisors LLC now owns 2,301 shares of the company’s stock worth $80,000 after buying an additional 1,867 shares in the last quarter.
About Fidelity Enhanced Large Cap Value ETF
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.
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