Fidelity Magellan ETF (BATS:FMAG) Stock Short Interest Report for October

Fidelity Magellan ETF (BATS:FMAG) was the target of a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 3,580 shares, a growth of 159.4% from the October 15th total of 1,380 shares. Based on an average trading volume of 13,308 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Kestra Advisory Services LLC increased its holdings in Fidelity Magellan ETF by 76.9% in the 3rd quarter. Kestra Advisory Services LLC now owns 40,637 shares of the company’s stock worth $1,469,000 after acquiring an additional 17,663 shares in the last quarter. Commonwealth Equity Services LLC purchased a new position in Fidelity Magellan ETF during the third quarter valued at approximately $1,022,000. Sigma Planning Corp purchased a new position in Fidelity Magellan ETF during the third quarter valued at approximately $2,077,000. Envestnet Asset Management Inc. boosted its position in shares of Fidelity Magellan ETF by 3.1% in the second quarter. Envestnet Asset Management Inc. now owns 100,620 shares of the company’s stock worth $3,700,000 after purchasing an additional 3,028 shares during the period. Finally, Integrated Wealth Concepts LLC bought a new position in shares of Fidelity Magellan ETF in the second quarter worth approximately $196,000.

Fidelity Magellan ETF Stock Performance

BATS FMAG opened at $34.62 on Friday. The company has a market capitalization of $231.26 million, a PE ratio of 25.14 and a beta of 1.12. The business’s fifty day moving average is $35.48 and its 200 day moving average is $35.14. Fidelity Magellan ETF has a fifty-two week low of $30.49 and a fifty-two week high of $37.58.

About Fidelity Magellan ETF

The Fidelity Magellan ETF (FMAG) is an exchange-traded fund that is based on the S&P 500 TR USD index. The fund is an actively-managed, non-transparent ETF that provides exposure to fundamentally-selected firms located globally. The fund utilizes the Fidelity non-transparent model. FMAG was launched on Feb 2, 2021 and is managed by Fidelity.