Fidelity Blue Chip Growth ETF (BATS:FBCG) Short Interest Down 78.6% in July

Fidelity Blue Chip Growth ETF (BATS:FBCG) was the target of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 60,464 shares, a decline of 78.6% from the July 15th total of 282,128 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 533,729 shares, the days-to-cover ratio is currently 0.1 days.

Fidelity Blue Chip Growth ETF Stock Up 0.8%

BATS:FBCG opened at $62.63 on Thursday. The firm has a market capitalization of $5.68 billion, a PE ratio of 29.62 and a beta of 1.32. Fidelity Blue Chip Growth ETF has a 12-month low of $47.60 and a 12-month high of $64.32. The firm has a 50-day moving average price of $61.13 and a 200 day moving average price of $57.43.

Hedge Funds Weigh In On Fidelity Blue Chip Growth ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Marshall Wace LLP acquired a new position in Fidelity Blue Chip Growth ETF during the second quarter worth $1,040,000. Raymond James Financial Inc. bought a new position in shares of Fidelity Blue Chip Growth ETF during the second quarter valued at $203,000. Ausdal Financial Partners Inc. boosted its stake in shares of Fidelity Blue Chip Growth ETF by 23.3% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 6,195 shares of the company’s stock valued at $299,000 after purchasing an additional 1,172 shares in the last quarter. Florida Financial Advisors LLC boosted its stake in shares of Fidelity Blue Chip Growth ETF by 29.6% in the 2nd quarter. Florida Financial Advisors LLC now owns 10,001 shares of the company’s stock valued at $482,000 after purchasing an additional 2,285 shares in the last quarter. Finally, CLG LLC grew its holdings in shares of Fidelity Blue Chip Growth ETF by 55.4% in the 2nd quarter. CLG LLC now owns 90,057 shares of the company’s stock worth $4,344,000 after purchasing an additional 32,089 shares during the last quarter.

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.