Short Interest in Fidelity Value Factor ETF (NYSEARCA:FVAL) Rises By 358.6%

Fidelity Value Factor ETF (NYSEARCA:FVAL) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 14,043 shares, an increase of 358.6% from the December 15th total of 3,062 shares. Based on an average daily trading volume, of 36,163 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 36,163 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of Fidelity Value Factor ETF

Several institutional investors have recently modified their holdings of the stock. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Fidelity Value Factor ETF in the 2nd quarter worth $65,000. Avidian Wealth Enterprises LLC acquired a new stake in Fidelity Value Factor ETF during the third quarter worth about $204,000. IFP Advisors Inc boosted its holdings in Fidelity Value Factor ETF by 5.6% in the 2nd quarter. IFP Advisors Inc now owns 3,317 shares of the company’s stock valued at $212,000 after purchasing an additional 176 shares during the last quarter. New England Private Wealth Advisors LLC acquired a new position in Fidelity Value Factor ETF in the 2nd quarter valued at about $215,000. Finally, Kestra Investment Management LLC purchased a new stake in shares of Fidelity Value Factor ETF in the 2nd quarter valued at approximately $223,000.

Fidelity Value Factor ETF Stock Down 0.2%

Shares of FVAL traded down $0.18 during trading hours on Wednesday, reaching $73.16. 41,859 shares of the company traded hands, compared to its average volume of 41,213. The business has a fifty day moving average price of $71.64 and a 200-day moving average price of $68.75. The stock has a market capitalization of $1.13 billion, a P/E ratio of 19.06 and a beta of 0.97. Fidelity Value Factor ETF has a 12-month low of $51.58 and a 12-month high of $74.07.

Fidelity Value Factor ETF Company Profile

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.