Short Interest in Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) Increases By 93.3%

Fidelity Enhanced Large Cap Value ETF (NYSEARCA:FELV) saw a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 102,975 shares, a growth of 93.3% from the June 15th total of 53,285 shares. Based on an average daily volume of 175,504 shares, the short-interest ratio is currently 0.6 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On Fidelity Enhanced Large Cap Value ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Independence Financial Advisors LLC boosted its holdings in Fidelity Enhanced Large Cap Value ETF by 3.6% in the 4th quarter. Independence Financial Advisors LLC now owns 949,124 shares of the company’s stock worth $32,897,000 after buying an additional 32,828 shares during the last quarter. Evansbrook LLC purchased a new stake in shares of Fidelity Enhanced Large Cap Value ETF in the fourth quarter valued at about $504,000. Alchemi Wealth LLC acquired a new stake in shares of Fidelity Enhanced Large Cap Value ETF during the 4th quarter worth approximately $580,000. Summit Wealth Group LLC Co. acquired a new position in shares of Fidelity Enhanced Large Cap Value ETF in the 4th quarter valued at $1,087,000. Finally, Pathfinder Wealth Consulting Inc. purchased a new position in Fidelity Enhanced Large Cap Value ETF during the fourth quarter worth about $3,841,000.

Fidelity Enhanced Large Cap Value ETF Stock Performance

FELV stock traded up $0.22 during trading on Thursday, hitting $41.29. 279,693 shares of the company’s stock traded hands, compared to its average volume of 190,701. Fidelity Enhanced Large Cap Value ETF has a 52 week low of $31.26 and a 52 week high of $41.36. The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of 18.67 and a beta of 0.79. The business has a fifty day simple moving average of $39.60 and a 200 day simple moving average of $37.25.

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.