Fidelity Value Factor ETF (NYSEARCA:FVAL) Sees Significant Growth in Short Interest

Fidelity Value Factor ETF (NYSEARCA:FVAL) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 25,425 shares, an increase of 81.1% from the December 31st total of 14,043 shares. Based on an average trading volume of 41,254 shares, the short-interest ratio is currently 0.6 days. Currently, 0.2% of the shares of the stock are short sold. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 41,254 shares, the short-interest ratio is currently 0.6 days.

Fidelity Value Factor ETF Price Performance

Shares of FVAL stock traded down $0.08 on Friday, hitting $73.83. 34,844 shares of the company’s stock were exchanged, compared to its average volume of 47,247. The company has a 50 day moving average of $72.55 and a 200 day moving average of $69.54. The stock has a market cap of $1.14 billion, a P/E ratio of 19.06 and a beta of 0.97. Fidelity Value Factor ETF has a 12 month low of $51.58 and a 12 month high of $74.22.

Institutional Investors Weigh In On Fidelity Value Factor ETF

A number of institutional investors have recently added to or reduced their stakes in FVAL. Royal Bank of Canada increased its holdings in Fidelity Value Factor ETF by 0.5% in the first quarter. Royal Bank of Canada now owns 165,041 shares of the company’s stock worth $9,835,000 after purchasing an additional 843 shares in the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of Fidelity Value Factor ETF during the 1st quarter worth approximately $1,656,000. Custos Family Office LLC grew its position in shares of Fidelity Value Factor ETF by 0.7% during the 2nd quarter. Custos Family Office LLC now owns 321,535 shares of the company’s stock worth $20,536,000 after buying an additional 2,292 shares during the period. Sax Wealth Advisors LLC increased its stake in shares of Fidelity Value Factor ETF by 9.4% in the 2nd quarter. Sax Wealth Advisors LLC now owns 64,778 shares of the company’s stock valued at $4,137,000 after acquiring an additional 5,576 shares in the last quarter. Finally, Valmark Advisers Inc. boosted its stake in Fidelity Value Factor ETF by 0.7% during the second quarter. Valmark Advisers Inc. now owns 24,748 shares of the company’s stock worth $1,581,000 after acquiring an additional 179 shares in the last quarter.

About Fidelity Value Factor ETF

The Fidelity Value Factor ETF (FVAL) is an exchange-traded fund that is based on the Fidelity U.S. Value Factor index. The fund follows a fundamentally selected, tier-weighted index of large-cap US stocks. FVAL was launched on Sep 12, 2016 and is managed by Fidelity.