Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO – Get Free Report) was the target of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 16,657 shares, a decrease of 70.7% from the June 15th total of 56,928 shares. Based on an average daily trading volume, of 41,127 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the shares of the company are short sold.
Fidelity Low Volatility Factor ETF Trading Up 0.2%
FDLO traded up $0.16 on Monday, hitting $70.30. 40,409 shares of the company’s stock were exchanged, compared to its average volume of 67,306. The firm has a market cap of $1.41 billion, a PE ratio of 24.34 and a beta of 0.77. Fidelity Low Volatility Factor ETF has a twelve month low of $62.23 and a twelve month high of $70.71. The stock has a fifty day moving average of $69.32 and a two-hundred day moving average of $67.92.
Hedge Funds Weigh In On Fidelity Low Volatility Factor ETF
Institutional investors have recently made changes to their positions in the stock. Mechanics Bank Trust Department lifted its holdings in shares of Fidelity Low Volatility Factor ETF by 11.2% in the 2nd quarter. Mechanics Bank Trust Department now owns 93,546 shares of the company’s stock worth $6,392,000 after purchasing an additional 9,450 shares during the last quarter. CoreCap Advisors LLC bought a new position in Fidelity Low Volatility Factor ETF during the 2nd quarter worth $40,000. City Center Advisors LLC bought a new position in Fidelity Low Volatility Factor ETF during the 2nd quarter worth $425,000. Roxbury Financial LLC increased its position in Fidelity Low Volatility Factor ETF by 3.3% in the second quarter. Roxbury Financial LLC now owns 15,230 shares of the company’s stock worth $1,041,000 after buying an additional 493 shares during the period. Finally, Security Financial Services INC. increased its position in Fidelity Low Volatility Factor ETF by 8.9% in the first quarter. Security Financial Services INC. now owns 14,101 shares of the company’s stock worth $911,000 after buying an additional 1,158 shares during the period.
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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