Short Interest in Fidelity Blue Chip Value ETF (BATS:FBCV) Grows By 1,117.3%

Fidelity Blue Chip Value ETF (BATS:FBCV) was the target of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 20,949 shares, an increase of 1,117.3% from the June 15th total of 1,721 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 10,110 shares, the short-interest ratio is presently 2.1 days.

Fidelity Blue Chip Value ETF Stock Up 0.4%

BATS FBCV traded up $0.18 during trading hours on Friday, hitting $40.42. The company’s stock had a trading volume of 7,704 shares, compared to its average volume of 28,980. Fidelity Blue Chip Value ETF has a twelve month low of $32.12 and a twelve month high of $40.79. The firm has a market capitalization of $158.85 million, a P/E ratio of 16.12 and a beta of 0.74. The stock has a fifty day moving average of $39.18 and a 200 day moving average of $37.66.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FBCV. Northwestern Mutual Wealth Management Co. grew its stake in shares of Fidelity Blue Chip Value ETF by 145.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 885 shares of the company’s stock worth $29,000 after purchasing an additional 524 shares during the period. Elyxium Wealth LLC bought a new position in Fidelity Blue Chip Value ETF during the fourth quarter worth about $30,000. Global Trust Asset Management LLC acquired a new position in shares of Fidelity Blue Chip Value ETF during the 1st quarter worth about $37,000. Osaic Holdings Inc. grew its position in shares of Fidelity Blue Chip Value ETF by 151.3% during the 2nd quarter. Osaic Holdings Inc. now owns 2,759 shares of the company’s stock worth $90,000 after buying an additional 1,661 shares during the period. Finally, Sunbelt Securities Inc. grew its position in shares of Fidelity Blue Chip Value ETF by 18.6% during the 4th quarter. Sunbelt Securities Inc. now owns 6,764 shares of the company’s stock worth $241,000 after buying an additional 1,059 shares during the period.

About Fidelity Blue Chip Value ETF

The Fidelity Blue Chip Value ETF (FBCV) is an exchange-traded fund that is based on the Russell 1000 Value index. The fund is an actively-managed, non-transparent fund of fundamentally-selected large-cap global value stocks. The fund utilizes the Fidelity non-transparent model. FBCV was launched on Jun 3, 2020 and is managed by Fidelity.