Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Sees Significant Decrease in Short Interest

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) saw a large decrease in short interest in June. As of June 30th, there was short interest totaling 16,657 shares, a decrease of 70.7% from the June 15th total of 56,928 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 41,127 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On Fidelity Low Volatility Factor ETF

Institutional investors have recently modified their holdings of the company. Mechanics Bank Trust Department lifted its stake in shares of Fidelity Low Volatility Factor ETF by 11.2% in the second quarter. Mechanics Bank Trust Department now owns 93,546 shares of the company’s stock worth $6,392,000 after buying an additional 9,450 shares during the last quarter. CoreCap Advisors LLC acquired a new position in Fidelity Low Volatility Factor ETF in the 2nd quarter valued at $40,000. City Center Advisors LLC acquired a new position in Fidelity Low Volatility Factor ETF in the 2nd quarter valued at $425,000. Roxbury Financial LLC raised its holdings in Fidelity Low Volatility Factor ETF by 3.3% in the 2nd quarter. Roxbury Financial LLC now owns 15,230 shares of the company’s stock worth $1,041,000 after acquiring an additional 493 shares during the period. Finally, Security Financial Services INC. raised its holdings in Fidelity Low Volatility Factor ETF by 8.9% in the 1st 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 period.

Fidelity Low Volatility Factor ETF Stock Performance

Shares of NYSEARCA FDLO traded down $0.65 during mid-day trading on Tuesday, reaching $69.65. 45,665 shares of the company traded hands, compared to its average volume of 67,142. The stock has a market cap of $1.39 billion, a PE ratio of 24.34 and a beta of 0.77. The company’s fifty day moving average is $69.35 and its two-hundred day moving average is $67.95. Fidelity Low Volatility Factor ETF has a fifty-two week low of $62.23 and a fifty-two week high of $70.71.

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.