Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Short Interest Update

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) was the recipient of a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 3,317 shares, a decline of 82.7% from the December 15th total of 19,224 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 75,198 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 75,198 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Trading of Fidelity Low Volatility Factor ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE raised its holdings in Fidelity Low Volatility Factor ETF by 8.5% in the third quarter. Bank of America Corp DE now owns 481,167 shares of the company’s stock worth $31,694,000 after purchasing an additional 37,654 shares in the last quarter. Campbell Deegan Wealth Management LLC grew its position in shares of Fidelity Low Volatility Factor ETF by 1.5% in the 3rd quarter. Campbell Deegan Wealth Management LLC now owns 319,410 shares of the company’s stock worth $21,040,000 after buying an additional 4,677 shares during the last quarter. Corient Private Wealth LLC raised its stake in shares of Fidelity Low Volatility Factor ETF by 0.3% during the 2nd quarter. Corient Private Wealth LLC now owns 236,209 shares of the company’s stock worth $14,834,000 after acquiring an additional 682 shares in the last quarter. NewEdge Advisors LLC lifted its position in Fidelity Low Volatility Factor ETF by 49.5% during the second quarter. NewEdge Advisors LLC now owns 176,211 shares of the company’s stock valued at $11,066,000 after acquiring an additional 58,317 shares during the last quarter. Finally, Running Point Capital Advisors LLC boosted its stake in Fidelity Low Volatility Factor ETF by 4.9% in the third quarter. Running Point Capital Advisors LLC now owns 174,050 shares of the company’s stock valued at $11,465,000 after acquiring an additional 8,148 shares in the last quarter.

Fidelity Low Volatility Factor ETF Stock Up 0.3%

FDLO stock traded up $0.18 during trading on Monday, hitting $67.96. The company had a trading volume of 81,117 shares, compared to its average volume of 86,672. Fidelity Low Volatility Factor ETF has a 52-week low of $53.59 and a 52-week high of $68.01. The company has a 50 day simple moving average of $66.71 and a 200-day simple moving average of $65.31. The firm has a market capitalization of $1.50 billion, a P/E ratio of 24.34 and a beta of 0.80.

Fidelity Low Volatility Factor ETF Company Profile

The Fidelity Low Volatility Factor ETF (FDLO) is an exchange-traded fund that is based on the Fidelity U.S. Low Volatility Factor index. The fund tracks an index of large- and mid-cap US stocks selected for low volatility of returns and earnings. FDLO was launched on Sep 12, 2016 and is managed by Fidelity.