Short Interest in Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Drops By 66.4%

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) saw a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 5,604 shares, a decrease of 66.4% from the June 30th total of 16,657 shares. Based on an average trading volume of 38,063 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Fidelity Low Volatility Factor ETF Stock Up 0.7%

Shares of FDLO stock traded up $0.51 during trading hours on Monday, hitting $70.61. 92,110 shares of the company were exchanged, compared to its average volume of 65,881. The firm has a fifty day moving average of $69.48 and a 200 day moving average of $68.12. Fidelity Low Volatility Factor ETF has a 1 year low of $62.23 and a 1 year high of $70.86. The firm has a market cap of $1.41 billion, a PE ratio of 24.34 and a beta of 0.77.

Hedge Funds Weigh In On Fidelity Low Volatility Factor ETF

A number of large investors have recently bought and sold shares of FDLO. Maseco LLP purchased a new stake in shares of Fidelity Low Volatility Factor ETF during the 4th quarter valued at $25,000. Allworth Financial LP raised its position in shares of Fidelity Low Volatility Factor ETF by 460.8% in the 3rd quarter. Allworth Financial LP now owns 415 shares of the company’s stock worth $27,000 after buying an additional 341 shares during the period. Legacy Wealth Managment LLC ID purchased a new position in shares of Fidelity Low Volatility Factor ETF in the 4th quarter worth $31,000. Ankerstar Wealth LLC acquired a new position in Fidelity Low Volatility Factor ETF in the fourth quarter valued at $32,000. Finally, CoreCap Advisors LLC acquired a new position in Fidelity Low Volatility Factor ETF in the second quarter valued at $40,000.

About Fidelity Low Volatility Factor ETF

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.