Fidelity Value Factor ETF (NYSEARCA:FVAL) Short Interest Up 551.0% in April

Fidelity Value Factor ETF (NYSEARCA:FVAL) was the recipient of a significant growth in short interest in the month of April. As of April 15th, there was short interest totaling 27,011 shares, a growth of 551.0% from the March 31st total of 4,149 shares. Based on an average daily trading volume, of 51,148 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the company’s shares are short sold.

Institutional Investors Weigh In On Fidelity Value Factor ETF

Hedge funds have recently modified their holdings of the stock. Integrated Wealth Concepts LLC grew its holdings in Fidelity Value Factor ETF by 4.8% in the third quarter. Integrated Wealth Concepts LLC now owns 3,396 shares of the company’s stock valued at $234,000 after purchasing an additional 154 shares during the period. Cullen Frost Bankers Inc. raised its stake in Fidelity Value Factor ETF by 3.2% during the fourth quarter. Cullen Frost Bankers Inc. now owns 8,872 shares of the company’s stock worth $641,000 after purchasing an additional 273 shares during the period. Spectrum Investment Advisors Inc. boosted its holdings in shares of Fidelity Value Factor ETF by 1.8% in the 4th quarter. Spectrum Investment Advisors Inc. now owns 15,262 shares of the company’s stock valued at $1,103,000 after purchasing an additional 275 shares during the last quarter. Foronjy Financial LLC grew its stake in shares of Fidelity Value Factor ETF by 9.9% during the 4th quarter. Foronjy Financial LLC now owns 3,596 shares of the company’s stock valued at $260,000 after buying an additional 324 shares during the period. Finally, Allworth Financial LP grew its stake in shares of Fidelity Value Factor ETF by 3.3% during the 4th quarter. Allworth Financial LP now owns 10,628 shares of the company’s stock valued at $768,000 after buying an additional 335 shares during the period.

Fidelity Value Factor ETF Price Performance

NYSEARCA:FVAL traded up $0.31 during mid-day trading on Friday, reaching $75.13. The company’s stock had a trading volume of 21,364 shares, compared to its average volume of 50,660. The stock has a market cap of $1.19 billion, a P/E ratio of 19.06 and a beta of 0.95. The company’s fifty day simple moving average is $71.92 and its two-hundred day simple moving average is $71.74. Fidelity Value Factor ETF has a twelve month low of $56.94 and a twelve month high of $75.29.

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.