Fidelity Value Factor ETF (NYSEARCA:FVAL – Get Free Report) saw a significant increase in short interest in May. As of May 15th, there was short interest totaling 23,459 shares, an increase of 214.1% from the April 30th total of 7,468 shares. Based on an average daily trading volume, of 31,732 shares, the short-interest ratio is currently 0.7 days. Approximately 0.1% of the company’s shares are sold short.
Hedge Funds Weigh In On Fidelity Value Factor ETF
A number of institutional investors have recently added to or reduced their stakes in FVAL. Greenline Wealth Management LLC bought a new position in Fidelity Value Factor ETF in the fourth quarter worth $32,000. Wells Fargo & Company MN increased its stake in shares of Fidelity Value Factor ETF by 516.4% during the fourth quarter. Wells Fargo & Company MN now owns 450 shares of the company’s stock valued at $33,000 after purchasing an additional 377 shares in the last quarter. Harbor Asset Planning Inc. bought a new position in shares of Fidelity Value Factor ETF during the fourth quarter valued at approximately $39,000. Woodard & Co. Asset Management Group Inc. ADV increased its stake in shares of Fidelity Value Factor ETF by 709.0% during the fourth quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 542 shares of the company’s stock valued at $39,000 after purchasing an additional 475 shares in the last quarter. Finally, Lavaca Capital LLC bought a new position in shares of Fidelity Value Factor ETF during the first quarter valued at approximately $66,000.
Fidelity Value Factor ETF Trading Up 0.3%
FVAL opened at $80.19 on Friday. The stock has a fifty day simple moving average of $74.30 and a two-hundred day simple moving average of $73.03. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 19.06 and a beta of 0.95. Fidelity Value Factor ETF has a 12-month low of $60.85 and a 12-month high of $80.33.
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.
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