Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Short Interest Update

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) saw a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 17,672 shares, an increase of 272.7% from the January 15th total of 4,741 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 59,874 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 59,874 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are sold short.

Fidelity Low Volatility Factor ETF Stock Performance

Shares of Fidelity Low Volatility Factor ETF stock traded up $0.06 on Friday, hitting $67.59. 40,539 shares of the company traded hands, compared to its average volume of 68,288. The business has a 50-day simple moving average of $67.48 and a 200 day simple moving average of $66.11. Fidelity Low Volatility Factor ETF has a 52 week low of $53.59 and a 52 week high of $68.71. The stock has a market capitalization of $1.47 billion, a P/E ratio of 24.34 and a beta of 0.80.

Institutional Trading of Fidelity Low Volatility Factor ETF

Several institutional investors have recently added to or reduced their stakes in the company. Twin Peaks Wealth Advisors LLC bought a new position in shares of Fidelity Low Volatility Factor ETF during the 2nd quarter worth approximately $25,000. Maseco LLP purchased a new position in Fidelity Low Volatility Factor ETF in the fourth quarter worth $25,000. Allworth Financial LP increased its position in shares of Fidelity Low Volatility Factor ETF by 460.8% during the third quarter. Allworth Financial LP now owns 415 shares of the company’s stock worth $27,000 after purchasing an additional 341 shares in the last quarter. MAI Capital Management lifted its holdings 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 valued at $28,000 after purchasing an additional 155 shares during the last quarter. Finally, Legacy Wealth Managment LLC ID acquired a new stake in shares of Fidelity Low Volatility Factor ETF in the 4th quarter worth $31,000.

About Fidelity Low Volatility Factor ETF

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.