Fidelity Value Factor ETF (NYSEARCA:FVAL) Sees Large Drop in Short Interest

Fidelity Value Factor ETF (NYSEARCA:FVAL) saw a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 7,243 shares, a drop of 68.9% from the February 12th total of 23,313 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 40,842 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 40,842 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

Fidelity Value Factor ETF Price Performance

Fidelity Value Factor ETF stock traded down $0.34 during midday trading on Wednesday, hitting $71.56. 9,327 shares of the stock were exchanged, compared to its average volume of 49,983. The company has a 50 day moving average price of $73.26 and a two-hundred day moving average price of $71.06. The firm has a market cap of $1.11 billion, a P/E ratio of 19.06 and a beta of 0.97. Fidelity Value Factor ETF has a 1 year low of $51.58 and a 1 year high of $74.64.

Institutional Trading of Fidelity Value Factor ETF

A number of institutional investors and hedge funds have recently modified their holdings of FVAL. Greenline Wealth Management LLC acquired a new position in Fidelity Value Factor ETF during the 4th quarter valued at approximately $32,000. Wells Fargo & Company MN boosted its position in shares of Fidelity Value Factor ETF by 516.4% during the fourth quarter. Wells Fargo & Company MN now owns 450 shares of the company’s stock worth $33,000 after buying an additional 377 shares during the period. Harbor Asset Planning Inc. acquired a new stake in shares of Fidelity Value Factor ETF in the fourth quarter worth $39,000. Woodard & Co. Asset Management Group Inc. ADV lifted its position in shares of Fidelity Value Factor ETF by 709.0% in the 4th quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 542 shares of the company’s stock worth $39,000 after acquiring an additional 475 shares during the period. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in shares of Fidelity Value Factor ETF in the 2nd quarter valued at $65,000.

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.