Fidelity Value Factor ETF (NYSEARCA:FVAL) Short Interest Up 214.1% in May

Fidelity Value Factor ETF (NYSEARCA:FVAL) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totaling 23,459 shares, a growth of 214.1% from the April 30th total of 7,468 shares. Based on an average trading volume of 31,732 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.1% of the company’s stock are short sold.

Fidelity Value Factor ETF Stock Up 0.3%

Shares of FVAL opened at $80.19 on Friday. The company has a market capitalization of $1.28 billion, a P/E ratio of 19.06 and a beta of 0.95. The firm has a 50 day moving average of $74.30 and a 200 day moving average of $73.03. Fidelity Value Factor ETF has a twelve month low of $60.85 and a twelve month high of $80.33.

Institutional Investors Weigh In On Fidelity Value Factor ETF

Several large investors have recently bought and sold shares of FVAL. Royal Bank of Canada increased its holdings in Fidelity Value Factor ETF by 0.5% in the 1st quarter. Royal Bank of Canada now owns 165,041 shares of the company’s stock worth $9,835,000 after buying an additional 843 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in Fidelity Value Factor ETF in the 1st quarter worth approximately $1,656,000. NewEdge Advisors LLC grew its position in Fidelity Value Factor ETF by 6.9% in the 2nd quarter. NewEdge Advisors LLC now owns 7,775 shares of the company’s stock worth $497,000 after purchasing an additional 501 shares during the period. Quantinno Capital Management LP bought a new stake in Fidelity Value Factor ETF in the 2nd quarter worth approximately $340,000. Finally, Darwin Wealth Management LLC purchased a new stake in shares of Fidelity Value Factor ETF during the 2nd quarter valued at about $1,074,000.

About Fidelity Value Factor ETF

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.