Fidelity Value Factor ETF (NYSEARCA:FVAL – Get Free Report) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 80,114 shares, an increase of 217.7% from the August 15th total of 25,213 shares. Based on an average daily volume of 60,771 shares, the short-interest ratio is presently 1.3 days. Approximately 0.5% of the company’s shares are sold short.
Hedge Funds Weigh In On Fidelity Value Factor ETF
Hedge funds and other institutional investors have recently made changes to their positions in the business. Beacon Advisors Holdings LLC bought a new stake in Fidelity Value Factor ETF in the fourth quarter valued at $13,819,000. Northwestern Mutual Wealth Management Co. raised its holdings in Fidelity Value Factor ETF by 3,648.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 113,362 shares of the company’s stock worth $8,193,000 after purchasing an additional 110,338 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of Fidelity Value Factor ETF in the 4th quarter worth about $5,147,000. Bank of America Corp DE boosted its stake in shares of Fidelity Value Factor ETF by 30.3% during the 3rd quarter. Bank of America Corp DE now owns 183,623 shares of the company’s stock valued at $12,646,000 after purchasing an additional 42,691 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC boosted its stake in shares of Fidelity Value Factor ETF by 12.3% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 331,727 shares of the company’s stock valued at $25,853,000 after purchasing an additional 36,428 shares in the last quarter.
Fidelity Value Factor ETF Price Performance
FVAL traded up $0.16 during midday trading on Monday, reaching $82.48. 7,841 shares of the company’s stock traded hands, compared to its average volume of 44,697. Fidelity Value Factor ETF has a 52 week low of $67.20 and a 52 week high of $83.71. The firm has a fifty day moving average of $81.37 and a two-hundred day moving average of $77.24. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 19.06 and a beta of 0.95.
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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