Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO – Get Free Report) was the target of a large growth in short interest during the month of October. As of October 30th, there was short interest totaling 84,865 shares, a growth of 352.9% from the October 15th total of 18,738 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 111,087 shares, the short-interest ratio is currently 0.8 days.
Institutional Trading of Fidelity Low Volatility Factor ETF
Several hedge funds and other institutional investors have recently bought and sold shares of FDLO. Commonwealth Equity Services LLC purchased a new position in Fidelity Low Volatility Factor ETF during the third quarter worth $49,116,000. Envestnet Asset Management Inc. increased its position in Fidelity Low Volatility Factor ETF by 1.9% during the second quarter. Envestnet Asset Management Inc. now owns 534,296 shares of the company’s stock valued at $36,511,000 after acquiring an additional 9,779 shares during the last quarter. Ameritas Advisory Services LLC increased its position in Fidelity Low Volatility Factor ETF by 138.3% during the second quarter. Ameritas Advisory Services LLC now owns 254,114 shares of the company’s stock valued at $17,365,000 after acquiring an additional 147,473 shares during the last quarter. Cetera Investment Advisers raised its stake 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 acquiring an additional 15,335 shares during the period. Finally, Corient Private Wealth LP raised its stake in shares of Fidelity Low Volatility Factor ETF by 1,667.4% in the second quarter. Corient Private Wealth LP now owns 186,302 shares of the company’s stock valued at $12,731,000 after acquiring an additional 175,761 shares during the period.
Fidelity Low Volatility Factor ETF Stock Performance
Shares of Fidelity Low Volatility Factor ETF stock opened at $76.08 on Friday. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 24.86 and a beta of 0.74. The stock has a 50 day moving average price of $73.03 and a 200-day moving average price of $70.04. Fidelity Low Volatility Factor ETF has a one year low of $63.36 and a one year high of $76.69.
About Fidelity Low Volatility Factor ETF
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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