Short Interest in Fidelity Value Factor ETF (NYSEARCA:FVAL) Decreases By 57.0%

Fidelity Value Factor ETF (NYSEARCA:FVAL) was the recipient of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 25,213 shares, a drop of 57.0% from the July 30th total of 58,571 shares. Based on an average trading volume of 47,851 shares, the short-interest ratio is currently 0.5 days. Currently, 0.2% of the shares of the company are sold short.

Fidelity Value Factor ETF Stock Down 0.2%

Shares of NYSEARCA:FVAL traded down $0.13 during trading on Friday, hitting $82.67. 25,891 shares of the company traded hands, compared to its average volume of 45,483. The business’s fifty day moving average is $80.41 and its 200-day moving average is $76.58. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 19.06 and a beta of 0.95. Fidelity Value Factor ETF has a one year low of $66.34 and a one year high of $83.57.

Institutional Investors Weigh In On Fidelity Value Factor ETF

Hedge funds have recently added to or reduced their stakes in the stock. Greenline Wealth Management LLC bought a new position in shares of Fidelity Value Factor ETF during the fourth quarter worth about $32,000. Wells Fargo & Company MN lifted its position in Fidelity Value Factor ETF by 516.4% in the 4th quarter. Wells Fargo & Company MN now owns 450 shares of the company’s stock valued at $33,000 after purchasing an additional 377 shares during the last quarter. Woodard & Co. Asset Management Group Inc. ADV boosted its stake in Fidelity Value Factor ETF by 709.0% during the 4th quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 542 shares of the company’s stock valued at $39,000 after purchasing an additional 475 shares during the period. Compass Financial Management LLC acquired a new position in Fidelity Value Factor ETF during the 2nd quarter valued at about $65,000. Finally, Lavaca Capital LLC acquired a new position in Fidelity Value Factor ETF during the 1st quarter valued at about $66,000.

Fidelity Value Factor ETF Company Profile

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.