Fidelity Value Factor ETF (NYSEARCA:FVAL) Sees Significant Decline in Short Interest

Fidelity Value Factor ETF (NYSEARCA:FVAL) was the target of a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 16,079 shares, a drop of 36.8% from the January 15th total of 25,425 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 53,334 shares, the short-interest ratio is presently 0.3 days. Based on an average trading volume of 53,334 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are sold short.

Hedge Funds Weigh In On Fidelity Value Factor ETF

Hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN raised its holdings in Fidelity Value Factor ETF by 516.4% in the 4th quarter. Wells Fargo & Company MN now owns 450 shares of the company’s stock valued at $33,000 after acquiring an additional 377 shares during the last quarter. Harbor Asset Planning Inc. purchased a new stake in shares of Fidelity Value Factor ETF in the fourth quarter valued at $39,000. Woodard & Co. Asset Management Group Inc. ADV increased its stake in Fidelity Value Factor ETF by 709.0% in the fourth quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 542 shares of the company’s stock valued at $39,000 after purchasing an additional 475 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in Fidelity Value Factor ETF during the second quarter worth about $65,000. Finally, Capital Analysts LLC acquired a new stake in shares of Fidelity Value Factor ETF in the fourth quarter worth approximately $108,000.

Fidelity Value Factor ETF Stock Performance

FVAL traded up $0.46 during trading on Friday, hitting $73.47. The stock had a trading volume of 8,333 shares, compared to its average volume of 48,898. Fidelity Value Factor ETF has a twelve month low of $51.58 and a twelve month high of $74.64. The firm has a market capitalization of $1.14 billion, a P/E ratio of 19.06 and a beta of 0.97. The company’s 50-day moving average price is $73.04 and its 200 day moving average price is $70.06.

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.