Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Short Interest Update

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 56,928 shares, an increase of 994.8% from the May 31st total of 5,200 shares. Based on an average daily volume of 56,227 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.3% of the shares of the stock are short sold.

Hedge Funds Weigh In On Fidelity Low Volatility Factor ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Security Financial Services INC. boosted its position in Fidelity Low Volatility Factor ETF by 8.9% during the first quarter. Security Financial Services INC. now owns 14,101 shares of the company’s stock worth $911,000 after acquiring an additional 1,158 shares during the last quarter. Cetera Investment Advisers raised its holdings in Fidelity Low Volatility Factor ETF by 6.4% in the 1st 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 last quarter. First Trust Advisors LP purchased a new position in Fidelity Low Volatility Factor ETF in the 1st quarter worth approximately $7,959,000. Hershey Financial Advisers LLC purchased a new position in Fidelity Low Volatility Factor ETF in the 1st quarter worth approximately $1,210,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Fidelity Low Volatility Factor ETF by 9.0% during the 1st quarter. Bank of New York Mellon Corp now owns 6,861 shares of the company’s stock worth $443,000 after purchasing an additional 564 shares during the last quarter.

Fidelity Low Volatility Factor ETF Stock Performance

Shares of FDLO stock opened at $67.29 on Friday. Fidelity Low Volatility Factor ETF has a fifty-two week low of $61.77 and a fifty-two week high of $70.52. The stock’s fifty day moving average is $69.05 and its two-hundred day moving average is $67.72. The firm has a market capitalization of $1.38 billion, a P/E ratio of 24.34 and a beta of 0.77.

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.