Short Interest in Fidelity Blue Chip Growth ETF (BATS:FBCG) Drops By 68.3%

Fidelity Blue Chip Growth ETF (BATS:FBCG) saw a large drop in short interest in May. As of May 29th, there was short interest totaling 112,648 shares, a drop of 68.3% from the May 14th total of 355,668 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 583,719 shares, the short-interest ratio is presently 0.2 days.

Fidelity Blue Chip Growth ETF Trading Down 2.2%

Shares of BATS FBCG opened at $59.20 on Thursday. The stock has a market cap of $5.37 billion, a price-to-earnings ratio of 29.62 and a beta of 1.32. Fidelity Blue Chip Growth ETF has a 1-year low of $45.20 and a 1-year high of $64.32. The stock’s 50-day moving average is $58.57 and its 200 day moving average is $55.42.

Hedge Funds Weigh In On Fidelity Blue Chip Growth ETF

Large investors have recently bought and sold shares of the stock. Bradley Foster & Sargent Inc. CT purchased a new position in Fidelity Blue Chip Growth ETF in the 3rd quarter worth approximately $1,329,000. Savvy Advisors Inc. purchased a new position in Fidelity Blue Chip Growth ETF in the 4th quarter worth approximately $2,977,000. OneDigital Investment Advisors LLC increased its stake in Fidelity Blue Chip Growth ETF by 133.4% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 766,290 shares of the company’s stock worth $41,119,000 after purchasing an additional 437,984 shares during the period. Gilbert Capital Group Inc. purchased a new position in Fidelity Blue Chip Growth ETF in the 3rd quarter worth approximately $5,332,000. Finally, Quotient Wealth Partners LLC increased its stake in Fidelity Blue Chip Growth ETF by 21.3% in the 4th quarter. Quotient Wealth Partners LLC now owns 57,276 shares of the company’s stock worth $3,141,000 after purchasing an additional 10,069 shares during the period.

Fidelity Blue Chip Growth ETF Company Profile

The Fidelity Blue Chip Growth ETF (FBCG) is an exchange-traded fund that is based on the Russell 1000 Growth index. The fund is an actively-managed, non-transparent fund of fundamentally-selected global growth stocks. The fund utilizes the Fidelity non-transparent model. FBCG was launched on Jun 3, 2020 and is managed by Fidelity.