Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) Stock Short Interest Drops 37.6%

Fidelity Enhanced Large Cap Growth ETF (NYSEARCA:FELG) saw a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 119,721 shares, a drop of 37.6% from the September 30th total of 191,907 shares. Based on an average daily volume of 414,240 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are short sold.

Fidelity Enhanced Large Cap Growth ETF Trading Up 1.0%

NYSEARCA:FELG opened at $42.16 on Wednesday. Fidelity Enhanced Large Cap Growth ETF has a 12 month low of $35.92 and a 12 month high of $46.62. The company has a market cap of $5.43 billion, a PE ratio of 25.11 and a beta of 1.23. The company has a 50 day simple moving average of $44.38 and a two-hundred day simple moving average of $42.44.

Hedge Funds Weigh In On Fidelity Enhanced Large Cap Growth ETF

A number of institutional investors and hedge funds have recently modified their holdings of FELG. Citadel Advisors LLC purchased a new stake in shares of Fidelity Enhanced Large Cap Growth ETF during the second quarter worth about $3,659,000. Northwest Wealth Advisors LLC raised its stake in Fidelity Enhanced Large Cap Growth ETF by 13.8% during the 1st quarter. Northwest Wealth Advisors LLC now owns 191,167 shares of the company’s stock valued at $7,167,000 after purchasing an additional 23,152 shares during the period. Flagship Harbor Advisors LLC lifted its holdings in Fidelity Enhanced Large Cap Growth ETF by 59.2% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 59,106 shares of the company’s stock worth $2,665,000 after purchasing an additional 21,986 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Fidelity Enhanced Large Cap Growth ETF by 60.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 201,297 shares of the company’s stock worth $9,076,000 after purchasing an additional 76,214 shares in the last quarter. Finally, IAG Wealth Partners LLC lifted its holdings in Fidelity Enhanced Large Cap Growth ETF by 81,457.0% in the 1st quarter. IAG Wealth Partners LLC now owns 540,723 shares of the company’s stock worth $20,272,000 after purchasing an additional 540,060 shares in 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.