Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) Stock Short Interest Drops 73.0%

Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) was the recipient of a large decline in short interest in October. As of October 30th, there was short interest totaling 115,963 shares, a decline of 73.0% from the October 15th total of 430,056 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 422,862 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of Fidelity Enhanced Large Cap Value ETF

A number of institutional investors have recently made changes to their positions in FELV. Root Financial Partners LLC acquired a new position in Fidelity Enhanced Large Cap Value ETF during the third quarter valued at approximately $25,000. IFG Advisory LLC grew its stake in Fidelity Enhanced Large Cap Value ETF by 153.7% in the third quarter. IFG Advisory LLC now owns 1,007 shares of the company’s stock valued at $42,000 after purchasing an additional 610 shares in the last quarter. Latitude Advisors LLC bought a new position in Fidelity Enhanced Large Cap Value ETF in the third quarter valued at approximately $72,000. Mosley Wealth Management acquired a new position in shares of Fidelity Enhanced Large Cap Value ETF during the 3rd quarter worth approximately $194,000. Finally, CoreCap Advisors LLC increased its position in shares of Fidelity Enhanced Large Cap Value ETF by 27.6% during the 2nd quarter. CoreCap Advisors LLC now owns 4,581 shares of the company’s stock worth $184,000 after purchasing an additional 992 shares during the last quarter.

Fidelity Enhanced Large Cap Value ETF Price Performance

NYSEARCA:FELV traded up $0.16 during trading hours on Friday, reaching $43.75. 295,228 shares of the stock were exchanged, compared to its average volume of 235,109. The stock has a market cap of $3.75 billion, a PE ratio of 19.73 and a beta of 0.75. Fidelity Enhanced Large Cap Value ETF has a twelve month low of $32.83 and a twelve month high of $44.24. The firm has a 50 day moving average of $42.54 and a 200 day moving average of $39.67.

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.