Fidelity U.S. Multifactor ETF (NYSEARCA:FLRG) Short Interest Update

Fidelity U.S. Multifactor ETF (NYSEARCA:FLRG) was the recipient of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 27,876 shares, an increase of 30.5% from the January 15th total of 21,357 shares. Based on an average trading volume of 20,541 shares, the short-interest ratio is currently 1.4 days. Approximately 0.4% of the company’s stock are sold short. Approximately 0.4% of the company’s stock are sold short. Based on an average trading volume of 20,541 shares, the short-interest ratio is currently 1.4 days.

Fidelity U.S. Multifactor ETF Price Performance

Shares of Fidelity U.S. Multifactor ETF stock opened at $38.13 on Monday. Fidelity U.S. Multifactor ETF has a 1 year low of $28.97 and a 1 year high of $38.97. The firm’s 50-day moving average is $38.36 and its 200 day moving average is $37.92. The stock has a market cap of $274.54 million, a price-to-earnings ratio of 20.13 and a beta of 0.87.

Institutional Investors Weigh In On Fidelity U.S. Multifactor ETF

Several institutional investors and hedge funds have recently made changes to their positions in FLRG. Kestra Advisory Services LLC raised its holdings in Fidelity U.S. Multifactor ETF by 19.0% in the 4th quarter. Kestra Advisory Services LLC now owns 50,877 shares of the company’s stock worth $1,931,000 after acquiring an additional 8,139 shares during the last quarter. Principal Securities Inc. raised its stake in shares of Fidelity U.S. Multifactor ETF by 5.7% in the fourth quarter. Principal Securities Inc. now owns 49,788 shares of the company’s stock worth $1,889,000 after purchasing an additional 2,681 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Fidelity U.S. Multifactor ETF by 921.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 51,096 shares of the company’s stock worth $1,939,000 after purchasing an additional 46,096 shares during the last quarter. Williams & Novak LLC lifted its holdings in shares of Fidelity U.S. Multifactor ETF by 14.5% during the fourth quarter. Williams & Novak LLC now owns 9,299 shares of the company’s stock valued at $353,000 after purchasing an additional 1,181 shares in the last quarter. Finally, Berman McAleer LLC boosted its position in shares of Fidelity U.S. Multifactor ETF by 5.2% during the fourth quarter. Berman McAleer LLC now owns 291,358 shares of the company’s stock valued at $11,057,000 after buying an additional 14,518 shares during the last quarter.

About Fidelity U.S. Multifactor ETF

The Fidelity U.S. Multifactor ETF (FLRG) is an exchange-traded fund that is based on the Fidelity U.S. Multifactor index. The fund tracks an index large-cap US stocks selected by four factors – value, quality, low volatility, and momentum. FLRG was launched on Sep 15, 2020 and is managed by Fidelity.