Fidelity Blue Chip Value ETF (BATS:FBCV – Get Free Report) saw a significant decrease in short interest in October. As of October 30th, there was short interest totaling 5,510 shares, a decrease of 68.8% from the October 15th total of 17,645 shares. Based on an average trading volume of 18,217 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the company’s shares are short sold.
Hedge Funds Weigh In On Fidelity Blue Chip Value ETF
Several institutional investors and hedge funds have recently modified their holdings of FBCV. Commonwealth Equity Services LLC bought a new stake in Fidelity Blue Chip Value ETF during the 3rd quarter worth approximately $17,645,000. Envestnet Asset Management Inc. lifted its stake in Fidelity Blue Chip Value ETF by 73.6% in the second quarter. Envestnet Asset Management Inc. now owns 52,729 shares of the company’s stock valued at $2,100,000 after buying an additional 22,353 shares in the last quarter. AdvisorNet Financial Inc bought a new position in Fidelity Blue Chip Value ETF in the third quarter valued at approximately $1,559,000. Kestra Advisory Services LLC lifted its stake in Fidelity Blue Chip Value ETF by 10.3% in the first quarter. Kestra Advisory Services LLC now owns 19,047 shares of the company’s stock valued at $685,000 after buying an additional 1,782 shares in the last quarter. Finally, Sunbelt Securities Inc. lifted its stake in Fidelity Blue Chip Value ETF by 143.5% in the first quarter. Sunbelt Securities Inc. now owns 16,471 shares of the company’s stock valued at $593,000 after buying an additional 9,707 shares in the last quarter.
Fidelity Blue Chip Value ETF Price Performance
BATS FBCV opened at $43.99 on Friday. The firm has a market cap of $203.67 million, a P/E ratio of 18.05 and a beta of 0.66. The stock’s 50-day moving average is $42.69 and its 200-day moving average is $39.92. Fidelity Blue Chip Value ETF has a one year low of $34.16 and a one year high of $45.34.
Fidelity Blue Chip Value ETF Company Profile
The Fidelity Blue Chip Value ETF (FBCV) is an exchange-traded fund that is based on the Russell 1000 Value index. The fund is an actively-managed, non-transparent fund of fundamentally-selected large-cap global value stocks. The fund utilizes the Fidelity non-transparent model. FBCV was launched on Jun 3, 2020 and is managed by Fidelity.
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