Fidelity U.S. Multifactor ETF (NYSEARCA:FLRG) Sees Large Increase in Short Interest

Fidelity U.S. Multifactor ETF (NYSEARCA:FLRG) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 31,976 shares, a growth of 65.1% from the December 15th total of 19,366 shares. Based on an average daily trading volume, of 20,086 shares, the short-interest ratio is presently 1.6 days. Approximately 0.4% of the company’s stock are sold short. Approximately 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 20,086 shares, the short-interest ratio is presently 1.6 days.

Fidelity U.S. Multifactor ETF Stock Down 0.2%

NYSEARCA:FLRG opened at $38.29 on Friday. The company has a market cap of $275.69 million, a price-to-earnings ratio of 20.13 and a beta of 0.87. Fidelity U.S. Multifactor ETF has a 52 week low of $28.97 and a 52 week high of $38.80. The company has a fifty day simple moving average of $38.10 and a two-hundred day simple moving average of $37.58.

Hedge Funds Weigh In On Fidelity U.S. Multifactor ETF

Several hedge funds and other institutional investors have recently made changes to their positions in FLRG. High Falls Advisors Inc boosted its position in Fidelity U.S. Multifactor ETF by 8.2% during the 3rd quarter. High Falls Advisors Inc now owns 7,069 shares of the company’s stock worth $272,000 after acquiring an additional 536 shares during the period. IFP Advisors Inc increased its stake in shares of Fidelity U.S. Multifactor ETF by 1.1% during the second quarter. IFP Advisors Inc now owns 52,331 shares of the company’s stock valued at $1,881,000 after acquiring an additional 593 shares during the period. Beacon Capital Management LLC raised its holdings in Fidelity U.S. Multifactor ETF by 185.5% during the second quarter. Beacon Capital Management LLC now owns 1,205 shares of the company’s stock worth $43,000 after purchasing an additional 783 shares in the last quarter. Evolution Wealth Management Inc. acquired a new stake in Fidelity U.S. Multifactor ETF in the second quarter worth approximately $45,000. Finally, Clarity Asset Management Inc. bought a new position in Fidelity U.S. Multifactor ETF during the 2nd quarter valued at $55,000.

Fidelity U.S. Multifactor ETF Company Profile

The Fidelity U.S. Multifactor ETF (FLRG) is an exchange-traded fund that is based on the Fidelity U.S. Multifactor index. The fund tracks an index large-cap US stocks selected by four factors – value, quality, low volatility, and momentum. FLRG was launched on Sep 15, 2020 and is managed by Fidelity.