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

Fidelity Blue Chip Growth ETF (BATS:FBCG) was the recipient of 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. Based on an average trading volume of 583,719 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On Fidelity Blue Chip Growth ETF

A number of large investors have recently modified their holdings of FBCG. Marshall Wace LLP purchased a new position in shares of Fidelity Blue Chip Growth ETF during the 2nd quarter valued at about $1,040,000. Raymond James Financial Inc. purchased a new position in shares of Fidelity Blue Chip Growth ETF during the 2nd quarter valued at about $203,000. Ausdal Financial Partners Inc. raised its holdings in shares of Fidelity Blue Chip Growth ETF by 23.3% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 6,195 shares of the company’s stock valued at $299,000 after buying an additional 1,172 shares in the last quarter. Florida Financial Advisors LLC raised its holdings in shares of Fidelity Blue Chip Growth ETF by 29.6% during the 2nd quarter. Florida Financial Advisors LLC now owns 10,001 shares of the company’s stock valued at $482,000 after buying an additional 2,285 shares in the last quarter. Finally, CLG LLC raised its holdings in shares of Fidelity Blue Chip Growth ETF by 55.4% during the 2nd quarter. CLG LLC now owns 90,057 shares of the company’s stock valued at $4,344,000 after buying an additional 32,089 shares in the last quarter.

Fidelity Blue Chip Growth ETF Stock Down 2.2%

BATS:FBCG opened at $59.20 on Thursday. The business’s 50-day moving average price is $58.57 and its two-hundred day moving average price is $55.42. Fidelity Blue Chip Growth ETF has a twelve month low of $45.20 and a twelve month high of $64.32. The stock has a market cap of $5.37 billion, a P/E ratio of 29.62 and a beta of 1.32.

About Fidelity Blue Chip Growth ETF

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.