Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Short Interest Down 82.7% in December

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) was the target of a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 3,317 shares, a decline of 82.7% from the December 15th total of 19,224 shares. Based on an average daily volume of 75,198 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 75,198 shares, the short-interest ratio is currently 0.0 days.

Institutional Investors Weigh In On Fidelity Low Volatility Factor ETF

Large investors have recently made changes to their positions in the company. Nvwm LLC lifted its position in Fidelity Low Volatility Factor ETF by 5.9% during the second quarter. Nvwm LLC now owns 19,688 shares of the company’s stock valued at $1,236,000 after purchasing an additional 1,104 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Fidelity Low Volatility Factor ETF by 1,088.1% in the first quarter. Goldman Sachs Group Inc. now owns 74,421 shares of the company’s stock worth $4,511,000 after buying an additional 68,157 shares during the period. Savvy Advisors Inc. bought a new position in shares of Fidelity Low Volatility Factor ETF in the second quarter worth about $209,000. Security Financial Services INC. purchased a new position in shares of Fidelity Low Volatility Factor ETF during the 2nd quarter valued at about $691,000. Finally, Cullen Frost Bankers Inc. grew its stake in shares of Fidelity Low Volatility Factor ETF by 6.7% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 8,249 shares of the company’s stock valued at $518,000 after acquiring an additional 515 shares during the period.

Fidelity Low Volatility Factor ETF Stock Performance

Shares of NYSEARCA FDLO traded down $0.18 during midday trading on Tuesday, hitting $67.78. 67,155 shares of the stock traded hands, compared to its average volume of 84,232. The firm has a market capitalization of $1.49 billion, a P/E ratio of 24.34 and a beta of 0.80. Fidelity Low Volatility Factor ETF has a one year low of $53.59 and a one year high of $68.03. The firm has a 50-day moving average of $66.76 and a two-hundred day moving average of $65.35.

Fidelity Low Volatility Factor ETF Company Profile

The Fidelity Low Volatility Factor ETF (FDLO) is an exchange-traded fund that is based on the Fidelity U.S. Low Volatility Factor index. The fund tracks an index of large- and mid-cap US stocks selected for low volatility of returns and earnings. FDLO was launched on Sep 12, 2016 and is managed by Fidelity.