Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO – Get Free Report) was the recipient of a significant drop in short interest in July. As of July 31st, there was short interest totaling 1,362 shares, a drop of 75.7% from the July 15th total of 5,604 shares. Based on an average daily volume of 62,276 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.
Hedge Funds Weigh In On Fidelity Low Volatility Factor ETF
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Allworth Financial LP lifted its stake in 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 purchasing an additional 341 shares in the last quarter. Legacy Wealth Managment LLC ID purchased a new position in shares of Fidelity Low Volatility Factor ETF during the fourth quarter valued at about $31,000. Ankerstar Wealth LLC bought a new stake in shares of Fidelity Low Volatility Factor ETF in the fourth quarter worth about $32,000. CoreCap Advisors LLC purchased a new stake in shares of Fidelity Low Volatility Factor ETF in the second quarter worth about $40,000. Finally, Fifth Third Bancorp boosted its stake in Fidelity Low Volatility Factor ETF by 149.2% during the first quarter. Fifth Third Bancorp now owns 658 shares of the company’s stock valued at $42,000 after buying an additional 394 shares during the last quarter.
Fidelity Low Volatility Factor ETF Trading Up 0.2%
FDLO traded up $0.17 on Thursday, hitting $73.13. 32,176 shares of the company’s stock traded hands, compared to its average volume of 65,919. The company’s 50 day simple moving average is $70.15 and its 200-day simple moving average is $68.61. Fidelity Low Volatility Factor ETF has a one year low of $63.36 and a one year high of $73.64. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 24.34 and a beta of 0.76.
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.
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