Fidelity Value Factor ETF (NYSEARCA:FVAL) Short Interest Update

Fidelity Value Factor ETF (NYSEARCA:FVAL) saw a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 46,108 shares, a decrease of 42.4% from the August 31st total of 80,114 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 31,393 shares, the days-to-cover ratio is presently 1.5 days.

Institutional Trading of Fidelity Value Factor ETF

A number of hedge funds have recently made changes to their positions in FVAL. Dynamic Advisor Solutions LLC raised its stake in Fidelity Value Factor ETF by 12.3% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 331,727 shares of the company’s stock valued at $25,853,000 after acquiring an additional 36,428 shares during the period. Diversify Wealth Management LLC bought a new position in Fidelity Value Factor ETF during the first quarter worth $899,000. Beacon Advisors Holdings LLC bought a new position in Fidelity Value Factor ETF during the fourth quarter worth $13,819,000. Storen Legacy Partners LLC acquired a new position in shares of Fidelity Value Factor ETF in the fourth quarter valued at $484,000. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Fidelity Value Factor ETF in the second quarter valued at $519,000.

Fidelity Value Factor ETF Stock Performance

NYSEARCA:FVAL traded up $0.32 during mid-day trading on Thursday, hitting $81.08. The stock had a trading volume of 36,960 shares, compared to its average volume of 44,573. Fidelity Value Factor ETF has a twelve month low of $67.20 and a twelve month high of $83.71. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 19.06 and a beta of 0.95. The company’s 50 day simple moving average is $82.00 and its 200 day simple moving average is $78.08.

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.