Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV – Get Free Report) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 89,035 shares, an increase of 61.9% from the May 14th total of 55,003 shares. Based on an average daily trading volume, of 123,321 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.1% of the company’s stock are sold short.
Fidelity Enhanced Large Cap Value ETF Stock Performance
Shares of FELV stock traded up $0.18 during trading hours on Tuesday, reaching $40.50. The company had a trading volume of 15,778 shares, compared to its average volume of 190,899. Fidelity Enhanced Large Cap Value ETF has a twelve month low of $30.80 and a twelve month high of $40.58. The company has a market capitalization of $3.11 billion, a P/E ratio of 18.67 and a beta of 0.81. The stock’s fifty day simple moving average is $38.02 and its 200 day simple moving average is $36.36.
Institutional Investors Weigh In On Fidelity Enhanced Large Cap Value ETF
A number of large investors have recently modified their holdings of the stock. Bank of America Corp DE grew its stake in shares of Fidelity Enhanced Large Cap Value ETF by 7.8% in the first quarter. Bank of America Corp DE now owns 12,218 shares of the company’s stock valued at $427,000 after buying an additional 886 shares in the last quarter. Lido Advisors LLC lifted its stake in shares of Fidelity Enhanced Large Cap Value ETF by 9.9% in the first quarter. Lido Advisors LLC now owns 12,813 shares of the company’s stock worth $447,000 after acquiring an additional 1,151 shares in the last quarter. Cetera Investment Advisers boosted its holdings in Fidelity Enhanced Large Cap Value ETF by 5.9% in the first quarter. Cetera Investment Advisers now owns 246,013 shares of the company’s stock valued at $8,588,000 after purchasing an additional 13,686 shares during the last quarter. North Capital Inc. acquired a new stake in Fidelity Enhanced Large Cap Value ETF during the 1st quarter valued at approximately $302,000. Finally, Private Advisor Group LLC grew its stake in Fidelity Enhanced Large Cap Value ETF by 6.4% during the 1st quarter. Private Advisor Group LLC now owns 10,209 shares of the company’s stock valued at $356,000 after purchasing an additional 616 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.
Further Reading
- Five stocks we like better than Fidelity Enhanced Large Cap Value ETF
- Plot Twist: How the $110B Paramount-Warner Deal Rewrites Media
- Goldman’s S&P 500 Target Looks More Reachable After the Latest Rally
- 3 Stocks Diluting Shareholders to Fund Big Long-Term Opportunities
- Father’s Day Investing: 3 Stocks Built for Long-Term Returns
Receive News & Ratings for Fidelity Enhanced Large Cap Value ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity Enhanced Large Cap Value ETF and related companies with MarketBeat.com's FREE daily email newsletter.
