Fidelity International Value Factor ETF (NYSEARCA:FIVA) Short Interest Down 36.2% in February

Fidelity International Value Factor ETF (NYSEARCA:FIVA) was the recipient of a significant decline in short interest during the month of February. As of February 27th, there was short interest totaling 64,792 shares, a decline of 36.2% from the February 12th total of 101,601 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average trading volume of 175,039 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 175,039 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.5% of the shares of the stock are sold short.

Fidelity International Value Factor ETF Price Performance

NYSEARCA FIVA traded down $0.39 during trading hours on Friday, hitting $34.64. 265,280 shares of the company’s stock traded hands, compared to its average volume of 233,283. The company has a market capitalization of $436.46 million, a PE ratio of 11.15 and a beta of 0.81. Fidelity International Value Factor ETF has a 52-week low of $23.44 and a 52-week high of $38.29. The firm’s 50-day moving average is $36.51 and its 200-day moving average is $33.65.

Institutional Investors Weigh In On Fidelity International Value Factor ETF

A number of large investors have recently made changes to their positions in FIVA. Commonwealth Equity Services LLC lifted its position in Fidelity International Value Factor ETF by 15.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 1,616,599 shares of the company’s stock worth $55,336,000 after buying an additional 212,876 shares in the last quarter. Align Financial LLC purchased a new stake in Fidelity International Value Factor ETF in the 4th quarter valued at $32,908,000. Summit Wealth Group LLC Co. acquired a new stake in shares of Fidelity International Value Factor ETF in the 4th quarter worth $7,720,000. Braeburn Wealth Management LLC acquired a new stake in shares of Fidelity International Value Factor ETF in the 4th quarter worth $7,421,000. Finally, Inspire Advisors LLC purchased a new position in shares of Fidelity International Value Factor ETF during the 4th quarter worth $4,920,000.

About Fidelity International Value Factor ETF

The Fidelity International Value Factor ETF (FIVA) is an exchange-traded fund that is based on the Fidelity International Value Factor index. The fund tracks a multi-factor index of large- and mid-cap value stocks from developed markets, ex-US. FIVA was launched on Jan 16, 2018 and is managed by Fidelity.