Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Sees Significant Growth in Short Interest

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) saw a large growth in short interest in February. As of February 13th, there was short interest totaling 41,523 shares, a growth of 135.0% from the January 29th total of 17,672 shares. Based on an average daily volume of 67,144 shares, the short-interest ratio is currently 0.6 days. Approximately 0.2% of the company’s stock are short sold. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 67,144 shares, the short-interest ratio is currently 0.6 days.

Fidelity Low Volatility Factor ETF Stock Performance

Shares of NYSEARCA FDLO opened at $68.13 on Friday. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 24.34 and a beta of 0.80. The business has a 50 day simple moving average of $67.66 and a 200 day simple moving average of $66.40. Fidelity Low Volatility Factor ETF has a 52 week low of $53.59 and a 52 week high of $68.71.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FDLO. Maseco LLP bought a new stake in Fidelity Low Volatility Factor ETF in the fourth quarter worth $25,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Fidelity Low Volatility Factor ETF in the second quarter worth about $25,000. Allworth Financial LP boosted its stake in shares of Fidelity Low Volatility Factor ETF by 460.8% during the 3rd quarter. Allworth Financial LP now owns 415 shares of the company’s stock worth $27,000 after acquiring an additional 341 shares in the last quarter. MAI Capital Management boosted its stake in shares of Fidelity Low Volatility Factor ETF by 58.7% during the 3rd quarter. MAI Capital Management now owns 419 shares of the company’s stock worth $28,000 after acquiring an additional 155 shares in the last quarter. Finally, Legacy Wealth Managment LLC ID acquired a new position in shares of Fidelity Low Volatility Factor ETF during the 4th quarter valued at about $31,000.

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.