Fidelity Blue Chip Value ETF (BATS:FBCV) Stock Short Interest Falls 68.8%

Fidelity Blue Chip Value ETF (BATS:FBCV) was the target of a significant decline in short interest during the month of October. As of October 30th, there was short interest totaling 5,510 shares, a decline of 68.8% from the October 15th total of 17,645 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 18,217 shares, the days-to-cover ratio is currently 0.3 days.

Fidelity Blue Chip Value ETF Stock Performance

FBCV opened at $43.99 on Friday. Fidelity Blue Chip Value ETF has a 52-week low of $34.16 and a 52-week high of $45.34. The firm has a market capitalization of $203.67 million, a PE ratio of 18.05 and a beta of 0.66. The business’s 50-day simple moving average is $42.69 and its 200 day simple moving average is $39.92.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. HighTower Advisors LLC bought a new position in Fidelity Blue Chip Value ETF during the third quarter worth $504,000. Fifth Third Bancorp acquired a new position in shares of Fidelity Blue Chip Value ETF in the third quarter valued at $65,000. Commonwealth Equity Services LLC acquired a new position in shares of Fidelity Blue Chip Value ETF in the third quarter valued at $17,645,000. Fifth Third Securities Inc. bought a new position in shares of Fidelity Blue Chip Value ETF in the third quarter valued at about $585,000. Finally, AdvisorNet Financial Inc bought a new position in shares of Fidelity Blue Chip Value ETF in the third quarter valued at about $1,559,000.

About Fidelity Blue Chip Value ETF

The Fidelity Blue Chip Value ETF (FBCV) is an exchange-traded fund that is based on the Russell 1000 Value index. The fund is an actively-managed, non-transparent fund of fundamentally-selected large-cap global value stocks. The fund utilizes the Fidelity non-transparent model. FBCV was launched on Jun 3, 2020 and is managed by Fidelity.