Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Short Interest Up 994.8% in June

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 56,928 shares, a growth of 994.8% from the May 31st total of 5,200 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 56,227 shares, the short-interest ratio is currently 1.0 days.

Fidelity Low Volatility Factor ETF Trading Up 0.9%

Shares of FDLO traded up $0.61 during trading hours on Friday, reaching $67.90. 26,790 shares of the stock traded hands, compared to its average volume of 69,768. The company has a market cap of $1.39 billion, a P/E ratio of 24.34 and a beta of 0.77. The company’s 50-day moving average price is $69.05 and its two-hundred day moving average price is $67.72. Fidelity Low Volatility Factor ETF has a 52-week low of $61.94 and a 52-week high of $70.52.

Hedge Funds Weigh In On Fidelity Low Volatility Factor ETF

Several large investors have recently made changes to their positions in the business. Security Financial Services INC. grew its position in shares of Fidelity Low Volatility Factor ETF by 8.9% during the first quarter. Security Financial Services INC. now owns 14,101 shares of the company’s stock worth $911,000 after purchasing an additional 1,158 shares in the last quarter. Cetera Investment Advisers raised its stake in Fidelity Low Volatility Factor ETF by 6.4% during the 1st quarter. Cetera Investment Advisers now owns 256,501 shares of the company’s stock valued at $16,567,000 after purchasing an additional 15,335 shares during the period. First Trust Advisors LP purchased a new position in Fidelity Low Volatility Factor ETF in the 1st quarter worth approximately $7,959,000. Hershey Financial Advisers LLC purchased a new position in Fidelity Low Volatility Factor ETF in the 1st quarter worth approximately $1,210,000. Finally, Bank of New York Mellon Corp boosted its stake in Fidelity Low Volatility Factor ETF by 9.0% in the 1st quarter. Bank of New York Mellon Corp now owns 6,861 shares of the company’s stock worth $443,000 after purchasing an additional 564 shares during the period.

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.