Fidelity Value Factor ETF (NYSEARCA:FVAL) Sees Large Increase in Short Interest

by · The Cerbat Gem

Fidelity Value Factor ETF (NYSEARCA:FVAL – Get Free Report) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 14,043 shares, a growth of 358.6% from the December 15th total of 3,062 shares. Based on an average daily trading volume, of 36,163 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the company’s shares are sold short. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 36,163 shares, the short-interest ratio is currently 0.4 days.

Fidelity Value Factor ETF Price Performance

Shares of Fidelity Value Factor ETF stock traded down $0.48 during trading hours on Tuesday, hitting $73.30. The company’s stock had a trading volume of 23,799 shares, compared to its average volume of 38,229. The company has a market capitalization of $1.13 billion, a PE ratio of 19.06 and a beta of 0.97. Fidelity Value Factor ETF has a 12 month low of $51.58 and a 12 month high of $74.07. The stock has a 50 day moving average of $71.58 and a 200 day moving average of $68.68.

Institutional Trading of Fidelity Value Factor ETF

Large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its holdings in shares of Fidelity Value Factor ETF by 0.5% in the 1st quarter. Royal Bank of Canada now owns 165,041 shares of the company’s stock valued at $9,835,000 after purchasing an additional 843 shares during the period. Goldman Sachs Group Inc. acquired a new position in Fidelity Value Factor ETF during the first quarter worth approximately $1,656,000. High Probability Advisors LLC raised its stake in Fidelity Value Factor ETF by 9.8% in the second quarter. High Probability Advisors LLC now owns 414,937 shares of the company’s stock valued at $26,502,000 after buying an additional 37,149 shares during the period. Dynamic Advisor Solutions LLC lifted its position in shares of Fidelity Value Factor ETF by 2.5% in the second quarter. Dynamic Advisor Solutions LLC now owns 178,222 shares of the company’s stock valued at $11,383,000 after buying an additional 4,321 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of Fidelity Value Factor ETF by 4,672.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 4,152 shares of the company’s stock worth $265,000 after acquiring an additional 4,065 shares during the period.

Fidelity Value Factor ETF Company Profile

(Get Free Report)

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.

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