Short Interest in Fidelity Blue Chip Value ETF (BATS:FBCV) Decreases By 86.8%

Fidelity Blue Chip Value ETF (BATS:FBCV) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 1,721 shares, a drop of 86.8% from the May 31st total of 12,998 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 9,540 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of Fidelity Blue Chip Value ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. boosted its stake in Fidelity Blue Chip Value ETF by 145.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 885 shares of the company’s stock worth $29,000 after purchasing an additional 524 shares during the period. Elyxium Wealth LLC purchased a new stake in shares of Fidelity Blue Chip Value ETF in the fourth quarter worth about $30,000. Global Trust Asset Management LLC bought a new position in shares of Fidelity Blue Chip Value ETF in the first quarter valued at approximately $37,000. Sunbelt Securities Inc. boosted its position in shares of Fidelity Blue Chip Value ETF by 18.6% in the fourth quarter. Sunbelt Securities Inc. now owns 6,764 shares of the company’s stock valued at $241,000 after acquiring an additional 1,059 shares during the period. Finally, CoreCap Advisors LLC grew its stake in Fidelity Blue Chip Value ETF by 15.0% during the fourth quarter. CoreCap Advisors LLC now owns 8,796 shares of the company’s stock valued at $314,000 after acquiring an additional 1,148 shares in the last quarter.

Fidelity Blue Chip Value ETF Price Performance

Shares of FBCV stock opened at $39.52 on Friday. The company’s fifty day simple moving average is $38.73 and its two-hundred day simple moving average is $37.38. Fidelity Blue Chip Value ETF has a 1 year low of $32.12 and a 1 year high of $39.89. The stock has a market capitalization of $155.31 million, a price-to-earnings ratio of 16.12 and a beta of 0.74.

About Fidelity Blue Chip Value ETF

The Fidelity Blue Chip Value ETF (FBCV) is an exchange-traded fund that is based on the Russell 1000 Value index. The fund is an actively-managed, non-transparent fund of fundamentally-selected large-cap global value stocks. The fund utilizes the Fidelity non-transparent model. FBCV was launched on Jun 3, 2020 and is managed by Fidelity.