Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG – Get Free Report) saw a large growth in short interest during the month of 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 stock are short sold. Based on an average daily volume of 355,926 shares, the days-to-cover ratio is currently 0.8 days.
Fidelity Enhanced Large Cap Growth ETF Stock Performance
Shares of Fidelity Enhanced Large Cap Growth ETF stock traded up $0.05 during midday trading on Friday, hitting $43.04. 284,645 shares of the company traded hands, compared to its average volume of 656,980. The stock has a market cap of $5.43 billion, a price-to-earnings ratio of 32.16 and a beta of 1.22. The firm’s fifty day moving average price is $42.56 and its 200-day moving average price is $41.20. Fidelity Enhanced Large Cap Growth ETF has a 12 month low of $35.09 and a 12 month high of $45.63.
Institutional Investors Weigh In On Fidelity Enhanced Large Cap Growth ETF
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC boosted its position in Fidelity Enhanced Large Cap Growth ETF by 35.9% during the 1st quarter. NewEdge Advisors LLC now owns 70,391 shares of the company’s stock worth $2,639,000 after buying an additional 18,605 shares during the period. Financial Solutions Advisory Group Inc. bought a new stake in Fidelity Enhanced Large Cap Growth ETF during the 1st quarter worth approximately $294,000. Cozad Asset Management Inc. grew its holdings in Fidelity Enhanced Large Cap Growth ETF by 14.8% during the 1st quarter. Cozad Asset Management Inc. now owns 7,971 shares of the company’s stock worth $299,000 after acquiring an additional 1,029 shares during the last quarter. Summit Financial Wealth Advisors LLC grew its holdings in Fidelity Enhanced Large Cap Growth ETF by 71.1% during the 1st quarter. Summit Financial Wealth Advisors LLC now owns 18,037 shares of the company’s stock worth $676,000 after acquiring an additional 7,496 shares during the last quarter. Finally, Vestor Capital LLC grew its holdings in Fidelity Enhanced Large Cap Growth ETF by 101.5% during the 1st quarter. Vestor Capital LLC now owns 8,724 shares of the company’s stock worth $327,000 after acquiring an additional 4,395 shares during the last quarter.
About Fidelity Enhanced Large Cap Growth ETF
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.
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