Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO – Get Free Report) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 56,928 shares, an increase of 994.8% from the May 31st total of 5,200 shares. Based on an average daily volume of 56,227 shares, the short-interest ratio is presently 1.0 days. Currently, 0.3% of the shares of the stock are sold short.
Fidelity Low Volatility Factor ETF Price Performance
Shares of FDLO stock opened at $67.29 on Friday. Fidelity Low Volatility Factor ETF has a 1-year low of $61.77 and a 1-year high of $70.52. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 24.34 and a beta of 0.77. The stock has a 50 day simple moving average of $69.05 and a 200-day simple moving average of $67.72.
Hedge Funds Weigh In On Fidelity Low Volatility Factor ETF
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Maseco LLP purchased a new stake in shares of Fidelity Low Volatility Factor ETF during the fourth quarter worth about $25,000. Allworth Financial LP raised its position in shares of Fidelity Low Volatility Factor ETF by 460.8% during the 3rd quarter. Allworth Financial LP now owns 415 shares of the company’s stock worth $27,000 after purchasing an additional 341 shares during the last quarter. MAI Capital Management lifted its stake in Fidelity Low Volatility Factor ETF by 58.7% in the 3rd quarter. MAI Capital Management now owns 419 shares of the company’s stock valued at $28,000 after buying an additional 155 shares in the last quarter. Legacy Wealth Managment LLC ID purchased a new position in Fidelity Low Volatility Factor ETF in the 4th quarter valued at about $31,000. Finally, Ankerstar Wealth LLC purchased a new position in Fidelity Low Volatility Factor ETF in the 4th quarter valued at about $32,000.
Fidelity Low Volatility Factor ETF Company Profile
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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