Short Interest in Fidelity Value Factor ETF (NYSEARCA:FVAL) Increases By 64.4%

Fidelity Value Factor ETF (NYSEARCA:FVAL) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 58,571 shares, a growth of 64.4% from the July 15th total of 35,627 shares. Based on an average daily volume of 62,956 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.4% of the shares of the company are short sold.

Fidelity Value Factor ETF Stock Performance

NYSEARCA FVAL traded down $0.57 during trading hours on Monday, reaching $82.64. The stock had a trading volume of 34,820 shares, compared to its average volume of 44,360. Fidelity Value Factor ETF has a 52-week low of $65.78 and a 52-week high of $83.57. The stock has a fifty day moving average of $79.54 and a 200 day moving average of $75.99. The stock has a market cap of $1.36 billion, a P/E ratio of 19.06 and a beta of 0.95.

Institutional Trading of Fidelity Value Factor ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Greenline Wealth Management LLC acquired a new position in Fidelity Value Factor ETF during the fourth quarter valued at $32,000. Wells Fargo & Company MN grew its position in Fidelity Value Factor ETF by 516.4% during the 4th quarter. Wells Fargo & Company MN now owns 450 shares of the company’s stock worth $33,000 after purchasing an additional 377 shares during the period. Woodard & Co. Asset Management Group Inc. ADV raised its stake in shares of Fidelity Value Factor ETF by 709.0% during the 4th quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 542 shares of the company’s stock valued at $39,000 after buying an additional 475 shares during the last quarter. Compass Financial Management LLC acquired a new position in shares of Fidelity Value Factor ETF in the 2nd quarter valued at about $65,000. Finally, Lavaca Capital LLC acquired a new position in shares of Fidelity Value Factor ETF in the 1st quarter valued at about $66,000.

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.