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

Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 89,035 shares, a growth of 61.9% from the May 14th total of 55,003 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 123,321 shares, the days-to-cover ratio is currently 0.7 days.

Fidelity Enhanced Large Cap Value ETF Stock Down 0.8%

FELV opened at $39.90 on Thursday. The stock’s fifty day moving average is $38.21 and its two-hundred day moving average is $36.44. The company has a market capitalization of $3.06 billion, a P/E ratio of 18.67 and a beta of 0.81. Fidelity Enhanced Large Cap Value ETF has a 52 week low of $30.80 and a 52 week high of $40.58.

Hedge Funds Weigh In On Fidelity Enhanced Large Cap Value ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Commonwealth Equity Services LLC grew its position in shares of Fidelity Enhanced Large Cap Value ETF by 0.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 1,814,387 shares of the company’s stock worth $62,887,000 after buying an additional 9,849 shares in the last quarter. Independence Financial Advisors LLC grew its position in shares of Fidelity Enhanced Large Cap Value ETF by 3.6% during the 4th quarter. Independence Financial Advisors LLC now owns 949,124 shares of the company’s stock worth $32,897,000 after buying an additional 32,828 shares in the last quarter. Sowa Financial Group Inc. grew its position in shares of Fidelity Enhanced Large Cap Value ETF by 3.5% during the 4th quarter. Sowa Financial Group Inc. now owns 648,068 shares of the company’s stock worth $22,462,000 after buying an additional 21,757 shares in the last quarter. LPL Financial LLC grew its position in shares of Fidelity Enhanced Large Cap Value ETF by 33.3% during the 4th quarter. LPL Financial LLC now owns 582,791 shares of the company’s stock worth $20,200,000 after buying an additional 145,721 shares in the last quarter. Finally, Cetera Investment Advisers grew its position in shares of Fidelity Enhanced Large Cap Value ETF by 5.9% during the 1st quarter. Cetera Investment Advisers now owns 246,013 shares of the company’s stock worth $8,588,000 after buying an additional 13,686 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.