Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Sees Significant Growth in Short Interest

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) was the recipient of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 2,471 shares, a growth of 81.4% from the July 30th total of 1,362 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 52,974 shares, the days-to-cover ratio is currently 0.0 days.

Fidelity Low Volatility Factor ETF Trading Up 0.4%

Shares of NYSEARCA FDLO traded up $0.30 during midday trading on Friday, reaching $73.10. The company had a trading volume of 40,584 shares, compared to its average volume of 63,727. The stock has a market cap of $1.45 billion, a P/E ratio of 24.34 and a beta of 0.76. The business’s 50-day simple moving average is $70.98 and its 200 day simple moving average is $68.96. Fidelity Low Volatility Factor ETF has a 1 year low of $63.36 and a 1 year high of $73.64.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FDLO. Corient Private Wealth LP lifted its stake in shares of Fidelity Low Volatility Factor ETF by 1,667.4% in the 2nd quarter. Corient Private Wealth LP now owns 186,302 shares of the company’s stock valued at $12,731,000 after purchasing an additional 175,761 shares during the period. Sykon Capital LLC acquired a new position in Fidelity Low Volatility Factor ETF in the 4th quarter worth about $11,713,000. Ameritas Advisory Services LLC boosted its position in Fidelity Low Volatility Factor ETF by 138.3% during the second quarter. Ameritas Advisory Services LLC now owns 254,114 shares of the company’s stock worth $17,365,000 after purchasing an additional 147,473 shares in the last quarter. First Trust Advisors LP purchased a new position in Fidelity Low Volatility Factor ETF during the first quarter worth approximately $7,959,000. Finally, Royal Bank of Canada grew its holdings in Fidelity Low Volatility Factor ETF by 189.7% in the fourth quarter. Royal Bank of Canada now owns 155,181 shares of the company’s stock valued at $10,358,000 after purchasing an additional 101,619 shares during the period.

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.