Fidelity Fundamental Large Cap Growth ETF (BATS:FFLG) Short Interest Update

Fidelity Fundamental Large Cap Growth ETF (BATS:FFLG) was the recipient of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 160,038 shares, a growth of 238.7% from the May 14th total of 47,256 shares. Approximately 1.0% of the company’s stock are short sold. Based on an average daily volume of 55,967 shares, the days-to-cover ratio is currently 2.9 days.

Fidelity Fundamental Large Cap Growth ETF Stock Up 0.3%

Shares of BATS FFLG traded up $0.09 during mid-day trading on Friday, reaching $33.56. 54,541 shares of the company were exchanged, compared to its average volume of 93,858. The stock has a market cap of $558.77 million, a price-to-earnings ratio of 34.87 and a beta of 1.27. Fidelity Fundamental Large Cap Growth ETF has a 1 year low of $25.01 and a 1 year high of $35.33. The firm has a 50-day moving average of $32.63 and a 200 day moving average of $30.61.

Institutional Investors Weigh In On Fidelity Fundamental Large Cap Growth ETF

A number of hedge funds have recently made changes to their positions in the stock. Kestra Advisory Services LLC lifted its stake in shares of Fidelity Fundamental Large Cap Growth ETF by 10.8% during the 1st quarter. Kestra Advisory Services LLC now owns 1,869,844 shares of the company’s stock worth $52,000,000 after purchasing an additional 182,346 shares during the last quarter. Marshall Investment Management LLC lifted its stake in shares of Fidelity Fundamental Large Cap Growth ETF by 1,747.5% during the 3rd quarter. Marshall Investment Management LLC now owns 306,139 shares of the company’s stock worth $9,025,000 after purchasing an additional 289,569 shares during the last quarter. Financial Management Network Inc. lifted its stake in shares of Fidelity Fundamental Large Cap Growth ETF by 2.4% during the 1st quarter. Financial Management Network Inc. now owns 287,184 shares of the company’s stock worth $8,558,000 after purchasing an additional 6,708 shares during the last quarter. Investment Advisory Services Inc. TX ADV lifted its stake in shares of Fidelity Fundamental Large Cap Growth ETF by 3.1% during the 1st quarter. Investment Advisory Services Inc. TX ADV now owns 261,409 shares of the company’s stock worth $7,270,000 after purchasing an additional 7,793 shares during the last quarter. Finally, LPL Financial LLC lifted its stake in shares of Fidelity Fundamental Large Cap Growth ETF by 12.1% during the 4th quarter. LPL Financial LLC now owns 208,504 shares of the company’s stock worth $6,243,000 after purchasing an additional 22,499 shares during the last quarter.

About Fidelity Fundamental Large Cap Growth ETF

The Fidelity Fundamental Large Cap Growth ETF (FFLG) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund that invests in large-cap growth stocks from US and foreign issuers. Stocks are selected based on fundamental factors FFLG was launched on Feb 2, 2021 and is issued by Fidelity.