Short Interest in Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Grows By 42.9%

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) saw a significant growth in short interest in January. As of January 15th, there was short interest totaling 4,741 shares, a growth of 42.9% from the December 31st total of 3,317 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 77,984 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 77,984 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Hedge Funds Weigh In On Fidelity Low Volatility Factor ETF

A number of institutional investors and hedge funds have recently bought and sold shares of FDLO. Bank of America Corp DE lifted its stake in Fidelity Low Volatility Factor ETF by 8.5% in the 3rd quarter. Bank of America Corp DE now owns 481,167 shares of the company’s stock worth $31,694,000 after purchasing an additional 37,654 shares in the last quarter. Campbell Deegan Wealth Management LLC increased its holdings in shares of Fidelity Low Volatility Factor ETF by 3.4% in the fourth quarter. Campbell Deegan Wealth Management LLC now owns 330,360 shares of the company’s stock valued at $22,052,000 after purchasing an additional 10,950 shares during the last quarter. Corient Private Wealth LLC increased its holdings in shares of 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 valued at $14,834,000 after purchasing an additional 682 shares during the last quarter. Howard Capital Management Inc. lifted its position in Fidelity Low Volatility Factor ETF by 86.9% during the fourth quarter. Howard Capital Management Inc. now owns 233,344 shares of the company’s stock worth $15,576,000 after buying an additional 108,461 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its stake in Fidelity Low Volatility Factor ETF by 49.5% during the second quarter. NewEdge Advisors LLC now owns 176,211 shares of the company’s stock worth $11,066,000 after buying an additional 58,317 shares during the last quarter.

Fidelity Low Volatility Factor ETF Stock Performance

NYSEARCA:FDLO opened at $68.04 on Friday. The stock has a market capitalization of $1.48 billion, a PE ratio of 24.34 and a beta of 0.80. Fidelity Low Volatility Factor ETF has a fifty-two week low of $53.59 and a fifty-two week high of $68.30. The company has a fifty day moving average of $67.30 and a two-hundred day moving average of $65.80.

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.