Short Interest in Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Declines By 74.8%

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) saw a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 5,705 shares, a decline of 74.8% from the April 30th total of 22,614 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 67,130 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Fidelity Low Volatility Factor ETF

Several large investors have recently made changes to their positions in FDLO. Royal Bank of Canada boosted its holdings in shares of Fidelity Low Volatility Factor ETF by 104.7% in the 1st quarter. Royal Bank of Canada now owns 109,915 shares of the company’s stock valued at $6,663,000 after acquiring an additional 56,230 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Fidelity Low Volatility Factor ETF by 1,088.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 74,421 shares of the company’s stock valued at $4,511,000 after acquiring an additional 68,157 shares during the last quarter. Empowered Funds LLC purchased a new stake in shares of Fidelity Low Volatility Factor ETF in the 1st quarter valued at $523,000. Jane Street Group LLC purchased a new stake in shares of Fidelity Low Volatility Factor ETF in the 1st quarter valued at $869,000. Finally, Darwin Wealth Management LLC purchased a new stake in shares of Fidelity Low Volatility Factor ETF in the 2nd quarter valued at $193,000.

Fidelity Low Volatility Factor ETF Price Performance

NYSEARCA:FDLO traded up $0.02 during trading hours on Friday, hitting $70.43. 83,250 shares of the company were exchanged, compared to its average volume of 73,443. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 24.34 and a beta of 0.77. Fidelity Low Volatility Factor ETF has a 52-week low of $60.56 and a 52-week high of $70.52. The company’s 50 day moving average price is $67.55 and its 200-day moving average price is $67.38.

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.