Fidelity Value Factor ETF (NYSEARCA:FVAL) Short Interest Down 39.8% in July

Fidelity Value Factor ETF (NYSEARCA:FVAL) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 35,627 shares, a drop of 39.8% from the June 30th total of 59,154 shares. Based on an average trading volume of 23,447 shares, the short-interest ratio is currently 1.5 days. Approximately 0.2% of the company’s shares are short sold.

Fidelity Value Factor ETF Stock Performance

Fidelity Value Factor ETF stock opened at $80.47 on Friday. The company’s 50 day simple moving average is $78.90 and its 200-day simple moving average is $75.29. Fidelity Value Factor ETF has a 1 year low of $63.43 and a 1 year high of $80.69. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 19.06 and a beta of 0.95.

Institutional Trading of Fidelity Value Factor ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Midwest Financial Network LLC purchased a new position in shares of Fidelity Value Factor ETF during the second quarter worth $629,000. Dynamic Advisor Solutions LLC raised its holdings in shares of Fidelity Value Factor ETF by 12.3% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 331,727 shares of the company’s stock valued at $25,853,000 after buying an additional 36,428 shares during the period. Western Wealth Management LLC purchased a new stake in shares of Fidelity Value Factor ETF in the 1st quarter valued at $97,000. Arkadios Wealth Advisors raised its holdings in shares of Fidelity Value Factor ETF by 23.3% in the 1st quarter. Arkadios Wealth Advisors now owns 4,619 shares of the company’s stock valued at $321,000 after buying an additional 873 shares during the period. Finally, Royal Bank of Canada lifted its stake in Fidelity Value Factor ETF by 0.3% during the 1st quarter. Royal Bank of Canada now owns 301,376 shares of the company’s stock worth $20,915,000 after acquiring an additional 757 shares in the last quarter.

Fidelity Value Factor ETF Company Profile

The Fidelity Value Factor ETF (FVAL) is an exchange-traded fund that is based on the Fidelity U.S. Value Factor index. The fund follows a fundamentally selected, tier-weighted index of large-cap US stocks. FVAL was launched on Sep 12, 2016 and is managed by Fidelity.