Short Interest in Fidelity Fundamental Large Cap Core ETF (BATS:FFLC) Grows By 237.9%

Fidelity Fundamental Large Cap Core ETF (BATS:FFLC) saw a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 122,073 shares, an increase of 237.9% from the May 14th total of 36,125 shares. Currently, 0.8% of the shares of the company are short sold. Based on an average daily volume of 86,560 shares, the days-to-cover ratio is presently 1.4 days.

Hedge Funds Weigh In On Fidelity Fundamental Large Cap Core ETF

Hedge funds have recently made changes to their positions in the company. Financial Freedom LLC purchased a new position in shares of Fidelity Fundamental Large Cap Core ETF during the first quarter worth about $26,000. Sunbelt Securities Inc. purchased a new position in shares of Fidelity Fundamental Large Cap Core ETF during the third quarter worth about $26,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Fidelity Fundamental Large Cap Core ETF during the third quarter worth about $29,000. Steward Partners Investment Advisory LLC grew its holdings in shares of Fidelity Fundamental Large Cap Core ETF by 380.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 625 shares of the company’s stock worth $33,000 after purchasing an additional 495 shares during the last quarter. Finally, Coston McIsaac & Partners grew its holdings in shares of Fidelity Fundamental Large Cap Core ETF by 42.1% during the first quarter. Coston McIsaac & Partners now owns 668 shares of the company’s stock worth $34,000 after purchasing an additional 198 shares during the last quarter.

Fidelity Fundamental Large Cap Core ETF Stock Performance

Shares of FFLC stock opened at $56.80 on Thursday. The stock’s 50-day moving average is $56.65 and its two-hundred day moving average is $54.63. The firm has a market cap of $897.44 million, a price-to-earnings ratio of 24.24 and a beta of 0.94. Fidelity Fundamental Large Cap Core ETF has a 1 year low of $46.47 and a 1 year high of $59.30.

Fidelity Fundamental Large Cap Core ETF Company Profile

The Fidelity Fundamental Large Cap Core ETF (FFLC) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed core portfolio of large-cap stocks from US and foreign issuers. Stocks are selected based on fundamental factors. FFLC was launched on Jun 3, 2020 and is issued by Fidelity.