Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO – Get Free Report) was the recipient of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 5,705 shares, a drop of 74.8% from the April 30th total of 22,614 shares. Based on an average daily trading volume, of 67,130 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are short sold.
Fidelity Low Volatility Factor ETF Stock Performance
Shares of NYSEARCA FDLO traded up $0.02 during trading on Friday, hitting $70.43. The company had a trading volume of 83,261 shares, compared to its average volume of 73,478. The stock has a 50 day simple moving average of $67.65 and a 200 day simple moving average of $67.40. Fidelity Low Volatility Factor ETF has a 12 month low of $60.56 and a 12 month high of $70.52. The firm has a market capitalization of $1.44 billion, a P/E ratio of 24.34 and a beta of 0.77.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in FDLO. Maseco LLP bought a new position in shares of Fidelity Low Volatility Factor ETF in the fourth quarter worth about $25,000. Allworth Financial LP raised its stake in shares of Fidelity Low Volatility Factor ETF by 460.8% in the third quarter. Allworth Financial LP now owns 415 shares of the company’s stock worth $27,000 after buying an additional 341 shares during the period. MAI Capital Management raised its stake in shares of Fidelity Low Volatility Factor ETF by 58.7% in the third quarter. MAI Capital Management now owns 419 shares of the company’s stock worth $28,000 after buying an additional 155 shares during the period. Legacy Wealth Managment LLC ID bought a new position in shares of Fidelity Low Volatility Factor ETF in the fourth quarter worth about $31,000. Finally, Ankerstar Wealth LLC bought a new position in shares of Fidelity Low Volatility Factor ETF in the fourth quarter worth about $32,000.
About Fidelity Low Volatility Factor ETF
The Fidelity Low Volatility Factor ETF (FDLO) is an exchange-traded fund that is based on the Fidelity U.S. Low Volatility Factor index. The fund tracks an index of large- and mid-cap US stocks selected for low volatility of returns and earnings. FDLO was launched on Sep 12, 2016 and is managed by Fidelity.
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