Fidelity Value Factor ETF (NYSEARCA:FVAL – Get Free Report) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 58,571 shares, a growth of 64.4% from the July 15th total of 35,627 shares. Based on an average trading volume of 62,956 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.4% of the shares of the stock are short sold.
Fidelity Value Factor ETF Stock Down 0.2%
Shares of FVAL traded down $0.20 during trading hours on Tuesday, reaching $82.44. 21,434 shares of the company traded hands, compared to its average volume of 44,214. The stock has a market capitalization of $1.36 billion, a PE ratio of 19.06 and a beta of 0.95. The stock has a fifty day simple moving average of $79.63 and a 200 day simple moving average of $76.05. Fidelity Value Factor ETF has a fifty-two week low of $65.78 and a fifty-two week high of $83.57.
Institutional Investors Weigh In On Fidelity Value Factor ETF
Hedge funds have recently modified their holdings of the company. Beacon Advisors Holdings LLC acquired a new position in shares of Fidelity Value Factor ETF in the fourth quarter valued at approximately $13,819,000. Northwestern Mutual Wealth Management Co. boosted its position in Fidelity Value Factor ETF by 3,648.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 113,362 shares of the company’s stock worth $8,193,000 after acquiring an additional 110,338 shares during the last quarter. Empowered Funds LLC acquired a new stake in Fidelity Value Factor ETF during the fourth quarter worth approximately $5,147,000. Bank of America Corp DE grew its stake in Fidelity Value Factor ETF by 30.3% in the 3rd quarter. Bank of America Corp DE now owns 183,623 shares of the company’s stock worth $12,646,000 after acquiring an additional 42,691 shares during the period. Finally, Dynamic Advisor Solutions LLC grew its stake in Fidelity Value Factor ETF by 12.3% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 331,727 shares of the company’s stock worth $25,853,000 after acquiring an additional 36,428 shares during the period.
Fidelity Value Factor ETF Company Profile
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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