Fidelity Value Factor ETF (NYSEARCA:FVAL) Short Interest Down 72.4% in April

Fidelity Value Factor ETF (NYSEARCA:FVAL) saw a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 7,468 shares, a decline of 72.4% from the April 15th total of 27,011 shares. Based on an average daily trading volume, of 32,939 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are short sold.

Institutional Investors Weigh In On Fidelity Value Factor ETF

Several institutional investors have recently modified their holdings of the business. Assetmark Inc. grew its position in shares of Fidelity Value Factor ETF by 6.3% during the 1st quarter. Assetmark Inc. now owns 7,260 shares of the company’s stock worth $504,000 after buying an additional 429 shares during the period. Diversify Wealth Management LLC acquired a new stake in shares of Fidelity Value Factor ETF during the 1st quarter worth approximately $899,000. Fifth Third Bancorp grew its position in shares of Fidelity Value Factor ETF by 5,322.0% during the 1st quarter. Fifth Third Bancorp now owns 2,223 shares of the company’s stock worth $154,000 after buying an additional 2,182 shares during the period. Darwin Wealth Management LLC grew its position in shares of Fidelity Value Factor ETF by 44.1% during the 1st quarter. Darwin Wealth Management LLC now owns 25,858 shares of the company’s stock worth $1,795,000 after buying an additional 7,914 shares during the period. Finally, Integrity Wealth Partners LLC acquired a new position in Fidelity Value Factor ETF during the first quarter valued at approximately $419,000.

Fidelity Value Factor ETF Trading Up 0.6%

Shares of NYSEARCA:FVAL traded up $0.49 during trading on Wednesday, hitting $77.91. 18,301 shares of the company’s stock were exchanged, compared to its average volume of 47,759. Fidelity Value Factor ETF has a 1-year low of $60.07 and a 1-year high of $77.99. The firm has a 50-day moving average price of $72.54 and a two-hundred day moving average price of $72.32. The firm has a market cap of $1.25 billion, a P/E ratio of 19.06 and a beta of 0.95.

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.