Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO – Get Free Report) was the recipient of a significant increase in short interest in August. As of August 14th, there was short interest totaling 2,471 shares, an increase of 81.4% from the July 30th total of 1,362 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 52,974 shares, the short-interest ratio is presently 0.0 days.
Hedge Funds Weigh In On Fidelity Low Volatility Factor ETF
Institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings in shares of Fidelity Low Volatility Factor ETF by 8.5% during the 3rd quarter. Bank of America Corp DE now owns 481,167 shares of the company’s stock worth $31,694,000 after acquiring an additional 37,654 shares in the last quarter. LPL Financial LLC grew its holdings in shares of Fidelity Low Volatility Factor ETF by 10.5% in the fourth quarter. LPL Financial LLC now owns 404,099 shares of the company’s stock valued at $26,974,000 after purchasing an additional 38,385 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Fidelity Low Volatility Factor ETF by 6.4% in the first quarter. Cetera Investment Advisers now owns 256,501 shares of the company’s stock valued at $16,567,000 after purchasing an additional 15,335 shares in the last quarter. Ameritas Advisory Services LLC increased its position in Fidelity Low Volatility Factor ETF by 138.3% in the second quarter. Ameritas Advisory Services LLC now owns 254,114 shares of the company’s stock worth $17,365,000 after purchasing an additional 147,473 shares during the last quarter. Finally, Corient Private Wealth LLC increased its position in Fidelity Low Volatility Factor ETF by 0.3% in the second quarter. Corient Private Wealth LLC now owns 236,209 shares of the company’s stock worth $14,834,000 after purchasing an additional 682 shares during the last quarter.
Fidelity Low Volatility Factor ETF Price Performance
Shares of FDLO stock traded down $0.47 during trading hours on Monday, hitting $72.63. The stock had a trading volume of 31,507 shares, compared to its average volume of 63,532. Fidelity Low Volatility Factor ETF has a one year low of $63.36 and a one year high of $73.64. The stock’s 50-day moving average price is $71.07 and its two-hundred day moving average price is $68.99. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 24.34 and a beta of 0.76.
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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