Fidelity Fundamental Large Cap Core ETF (BATS:FFLC) Sees Large Decrease in Short Interest

Fidelity Fundamental Large Cap Core ETF (BATS:FFLC) was the target of a significant decline in short interest in October. As of October 30th, there was short interest totaling 78,441 shares, a decline of 60.2% from the October 15th total of 197,172 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average trading volume of 93,294 shares, the short-interest ratio is presently 0.8 days.

Fidelity Fundamental Large Cap Core ETF Price Performance

Fidelity Fundamental Large Cap Core ETF stock traded down $0.13 during mid-day trading on Friday, reaching $57.85. 82,584 shares of the company traded hands, compared to its average volume of 98,149. The firm’s 50 day moving average price is $59.03 and its 200 day moving average price is $57.34. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 22.36 and a beta of 0.95. Fidelity Fundamental Large Cap Core ETF has a 52-week low of $49.40 and a 52-week high of $61.14.

Institutional Investors Weigh In On Fidelity Fundamental Large Cap Core ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Commonwealth Equity Services LLC bought a new stake in shares of Fidelity Fundamental Large Cap Core ETF during the third quarter valued at approximately $101,543,000. Private Advisor Group LLC bought a new position in Fidelity Fundamental Large Cap Core ETF in the third quarter worth $45,350,000. Harbour Investments Inc. bought a new position in Fidelity Fundamental Large Cap Core ETF in the third quarter worth $6,231,000. Thoroughbred Financial Services LLC purchased a new position in Fidelity Fundamental Large Cap Core ETF during the third quarter valued at $4,902,000. Finally, Envision Financial Transparency LLC purchased a new position in Fidelity Fundamental Large Cap Core ETF during the first quarter valued at $3,262,000.

Fidelity Fundamental Large Cap Core ETF Company Profile

The Fidelity Fundamental Large Cap Core ETF (FFLC) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed core portfolio of large-cap stocks from US and foreign issuers. Stocks are selected based on fundamental factors. FFLC was launched on Jun 3, 2020 and is issued by Fidelity.