Fidelity International Value Factor ETF (NYSEARCA:FIVA) Stock Short Interest Falls 54.1%

Fidelity International Value Factor ETF (NYSEARCA:FIVA) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 37,486 shares, a drop of 54.1% from the September 15th total of 81,642 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 102,386 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On Fidelity International Value Factor ETF

A number of institutional investors have recently modified their holdings of the company. Midwest Financial Network LLC lifted its holdings in shares of Fidelity International Value Factor ETF by 240.1% in the 3rd quarter. Midwest Financial Network LLC now owns 120,822 shares of the company’s stock worth $4,597,000 after purchasing an additional 85,297 shares in the last quarter. Roan Capital Partners grew its position in Fidelity International Value Factor ETF by 1.1% in the 3rd quarter. Roan Capital Partners now owns 101,306 shares of the company’s stock valued at $3,855,000 after purchasing an additional 1,132 shares during the period. Envestnet Asset Management Inc. increased its stake in Fidelity International Value Factor ETF by 75.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 220,463 shares of the company’s stock valued at $8,492,000 after purchasing an additional 94,453 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in Fidelity International Value Factor ETF during the 2nd quarter valued at $93,000. Finally, Allworth Financial LP increased its stake in Fidelity International Value Factor ETF by 128.8% during the 2nd quarter. Allworth Financial LP now owns 1,462 shares of the company’s stock valued at $56,000 after purchasing an additional 823 shares in the last quarter.

Fidelity International Value Factor ETF Trading Down 0.6%

FIVA stock traded down $0.24 during trading on Wednesday, reaching $37.58. 98,198 shares of the stock were exchanged, compared to its average volume of 131,585. The firm’s 50 day moving average is $39.31 and its 200 day moving average is $38.22. The firm has a market cap of $620.07 million, a P/E ratio of 11.15 and a beta of 0.72. Fidelity International Value Factor ETF has a twelve month low of $31.09 and a twelve month high of $40.50.

Fidelity International Value Factor ETF Company Profile

The Fidelity International Value Factor ETF (FIVA) is an exchange-traded fund that is based on the Fidelity International Value Factor index. The fund tracks a multi-factor index of large- and mid-cap value stocks from developed markets, ex-US. FIVA was launched on Jan 16, 2018 and is managed by Fidelity.