Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) Short Interest Update

Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) was the target of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 89,035 shares, a growth of 61.9% from the May 14th total of 55,003 shares. Based on an average daily volume of 123,321 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.1% of the shares of the company are short sold.

Fidelity Enhanced Large Cap Value ETF Price Performance

NYSEARCA:FELV traded up $0.18 during midday trading on Tuesday, reaching $40.50. 15,778 shares of the company traded hands, compared to its average volume of 190,899. Fidelity Enhanced Large Cap Value ETF has a twelve month low of $30.80 and a twelve month high of $40.58. The firm has a market capitalization of $3.11 billion, a price-to-earnings ratio of 18.67 and a beta of 0.81. The company has a fifty day moving average price of $38.02 and a 200 day moving average price of $36.36.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Founders Financial Alliance LLC acquired a new position in Fidelity Enhanced Large Cap Value ETF during the 3rd quarter valued at approximately $25,000. Holos Integrated Wealth LLC bought a new stake in Fidelity Enhanced Large Cap Value ETF during the 4th quarter valued at $31,000. Assetmark Inc. raised its stake in Fidelity Enhanced Large Cap Value ETF by 178.6% during the 4th quarter. Assetmark Inc. now owns 1,482 shares of the company’s stock valued at $51,000 after acquiring an additional 950 shares in the last quarter. SHP Wealth Management bought a new stake in Fidelity Enhanced Large Cap Value ETF during the 4th quarter valued at $53,000. Finally, CoreCap Advisors LLC raised its stake in Fidelity Enhanced Large Cap Value ETF by 430.2% during the 4th quarter. CoreCap Advisors LLC now owns 2,301 shares of the company’s stock valued at $80,000 after acquiring an additional 1,867 shares in the last quarter.

Fidelity Enhanced Large Cap Value ETF Company Profile

The Fidelity Enhanced Large Cap Value ETF (FELV) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing in large-cap value stocks belonging to a broad US equity value index. The fund aims for growth of capital FELV was launched on Apr 19, 2007 and is issued by Fidelity.