Fidelity Blue Chip Value ETF (BATS:FBCV) Shares Shorted: Short Interest Down 68.8% in October

Fidelity Blue Chip Value ETF (BATS:FBCV) was the recipient of a large decline in short interest during the month of October. As of October 30th, there was short interest totaling 5,510 shares, a decline of 68.8% from the October 15th total of 17,645 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 18,217 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On Fidelity Blue Chip Value ETF

Several institutional investors have recently modified their holdings of FBCV. Commonwealth Equity Services LLC acquired a new position in Fidelity Blue Chip Value ETF in the third quarter valued at approximately $17,645,000. Envestnet Asset Management Inc. boosted its stake in Fidelity Blue Chip Value ETF by 73.6% in the second quarter. Envestnet Asset Management Inc. now owns 52,729 shares of the company’s stock valued at $2,100,000 after acquiring an additional 22,353 shares during the last quarter. AdvisorNet Financial Inc acquired a new stake in Fidelity Blue Chip Value ETF during the 3rd quarter worth $1,559,000. Kestra Advisory Services LLC grew its holdings in Fidelity Blue Chip Value ETF by 10.3% during the 1st quarter. Kestra Advisory Services LLC now owns 19,047 shares of the company’s stock worth $685,000 after acquiring an additional 1,782 shares during the period. Finally, Sunbelt Securities Inc. raised its position in shares of Fidelity Blue Chip Value ETF by 143.5% during the 1st quarter. Sunbelt Securities Inc. now owns 16,471 shares of the company’s stock valued at $593,000 after acquiring an additional 9,707 shares during the last quarter.

Fidelity Blue Chip Value ETF Stock Performance

Fidelity Blue Chip Value ETF stock traded up $0.33 during trading hours on Friday, reaching $44.32. 8,115 shares of the company’s stock traded hands, compared to its average volume of 25,206. Fidelity Blue Chip Value ETF has a fifty-two week low of $34.16 and a fifty-two week high of $45.34. The firm has a market capitalization of $205.20 million, a price-to-earnings ratio of 18.05 and a beta of 0.66. The firm’s 50 day moving average is $42.70 and its 200-day moving average is $39.96.

Fidelity Blue Chip Value ETF Company Profile

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.