Short Interest in Fidelity Value Factor ETF (NYSEARCA:FVAL) Decreases By 34.4%

Fidelity Value Factor ETF (NYSEARCA:FVAL) saw a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 4,753 shares, a decline of 34.4% from the February 26th total of 7,243 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 67,899 shares, the short-interest ratio is presently 0.1 days.

Fidelity Value Factor ETF Price Performance

FVAL stock traded down $1.29 on Friday, reaching $67.51. The company’s stock had a trading volume of 63,365 shares, compared to its average volume of 51,194. Fidelity Value Factor ETF has a 52 week low of $51.58 and a 52 week high of $74.64. The company has a market capitalization of $1.05 billion, a P/E ratio of 19.06 and a beta of 0.97. The firm has a fifty day moving average of $72.40 and a two-hundred day moving average of $71.29.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of FVAL. Jones Financial Companies Lllp lifted its holdings in Fidelity Value Factor ETF by 31.9% in the third quarter. Jones Financial Companies Lllp now owns 34,466 shares of the company’s stock worth $2,367,000 after purchasing an additional 8,331 shares during the period. High Probability Advisors LLC raised its position in shares of Fidelity Value Factor ETF by 3.1% during the 3rd quarter. High Probability Advisors LLC now owns 427,612 shares of the company’s stock worth $29,450,000 after buying an additional 12,675 shares in the last quarter. Flagship Wealth Advisors LLC bought a new stake in shares of Fidelity Value Factor ETF during the 3rd quarter worth about $649,000. Merit Financial Group LLC acquired a new stake in shares of Fidelity Value Factor ETF in the 3rd quarter worth approximately $27,668,000. Finally, Global Retirement Partners LLC acquired a new stake in shares of Fidelity Value Factor ETF in the 2nd quarter worth approximately $361,000.

About Fidelity Value Factor ETF

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.