Fidelity Fundamental Large Cap Value ETF (BATS:FFLV) Short Interest Down 55.5% in August

Fidelity Fundamental Large Cap Value ETF (BATS:FFLV) was the target of a significant drop in short interest in August. As of August 14th, there was short interest totaling 9,126 shares, a drop of 55.5% from the July 30th total of 20,520 shares. Currently, 1.9% of the shares of the stock are sold short. Based on an average daily volume of 5,156 shares, the short-interest ratio is presently 1.8 days.

Fidelity Fundamental Large Cap Value ETF Price Performance

FFLV stock opened at $29.09 on Friday. The company has a 50 day moving average price of $28.43 and a 200 day moving average price of $26.96. Fidelity Fundamental Large Cap Value ETF has a fifty-two week low of $22.64 and a fifty-two week high of $29.32. The stock has a market capitalization of $13.82 million, a PE ratio of 16.54 and a beta of 0.60.

Institutional Investors Weigh In On Fidelity Fundamental Large Cap Value ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Osaic Holdings Inc. lifted its stake in shares of Fidelity Fundamental Large Cap Value ETF by 208.3% during the second quarter. Osaic Holdings Inc. now owns 2,775 shares of the company’s stock valued at $61,000 after acquiring an additional 1,875 shares during the period. Kestra Advisory Services LLC bought a new stake in Fidelity Fundamental Large Cap Value ETF during the 4th quarter worth about $65,000. Finally, Citadel Advisors LLC raised its holdings in Fidelity Fundamental Large Cap Value ETF by 144.3% during the 3rd quarter. Citadel Advisors LLC now owns 31,151 shares of the company’s stock worth $721,000 after purchasing an additional 18,400 shares during the last quarter.

About Fidelity Fundamental Large Cap Value ETF

The Fidelity Fundamental Large Cap Value ETF (FFLV) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund that provides exposure to large-cap value stocks from around the world. The fund selects equity securities based on fundamental research and analysis. FFLV was launched on Feb 22, 2024 and is issued by Fidelity.