Fidelity Value Factor ETF (NYSEARCA:FVAL) Short Interest Update

Fidelity Value Factor ETF (NYSEARCA:FVAL) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totaling 80,114 shares, an increase of 217.7% from the August 15th total of 25,213 shares. Based on an average daily volume of 60,771 shares, the short-interest ratio is presently 1.3 days. Currently, 0.5% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Royal Bank of Canada lifted its position in Fidelity Value Factor ETF by 0.5% during the first quarter. Royal Bank of Canada now owns 165,041 shares of the company’s stock worth $9,835,000 after purchasing an additional 843 shares during the period. Goldman Sachs Group Inc. acquired a new position in shares of Fidelity Value Factor ETF in the 1st quarter valued at approximately $1,656,000. NewEdge Advisors LLC raised its position in shares of Fidelity Value Factor ETF by 6.9% in the 2nd quarter. NewEdge Advisors LLC now owns 7,775 shares of the company’s stock valued at $497,000 after buying an additional 501 shares in the last quarter. Quantinno Capital Management LP bought a new stake in shares of Fidelity Value Factor ETF during the 2nd quarter worth approximately $340,000. Finally, Darwin Wealth Management LLC bought a new position in Fidelity Value Factor ETF in the second quarter valued at approximately $1,074,000.

Fidelity Value Factor ETF Stock Performance

Shares of NYSEARCA FVAL traded up $0.67 during midday trading on Friday, reaching $82.32. The company’s stock had a trading volume of 20,558 shares, compared to its average volume of 44,916. The company has a market cap of $1.36 billion, a P/E ratio of 19.06 and a beta of 0.95. Fidelity Value Factor ETF has a fifty-two week low of $67.20 and a fifty-two week high of $83.71. The business’s 50 day moving average price is $81.37 and its two-hundred day moving average price is $77.22.

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.