Short Interest in Fidelity Blue Chip Value ETF (BATS:FBCV) Rises By 1,117.3%

Fidelity Blue Chip Value ETF (BATS:FBCV) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totaling 20,949 shares, a growth of 1,117.3% from the June 15th total of 1,721 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily volume of 10,110 shares, the short-interest ratio is currently 2.1 days.

Fidelity Blue Chip Value ETF Stock Up 0.4%

BATS FBCV traded up $0.18 on Friday, reaching $40.42. The company had a trading volume of 7,704 shares, compared to its average volume of 28,980. The company’s fifty day moving average is $39.23 and its 200 day moving average is $37.68. Fidelity Blue Chip Value ETF has a 52-week low of $32.12 and a 52-week high of $40.79. The stock has a market capitalization of $158.85 million, a P/E ratio of 16.12 and a beta of 0.74.

Institutional Trading of Fidelity Blue Chip Value ETF

Hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. grew its position in shares of Fidelity Blue Chip Value ETF by 145.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 885 shares of the company’s stock valued at $29,000 after acquiring an additional 524 shares during the period. Elyxium Wealth LLC bought a new position in Fidelity Blue Chip Value ETF during the fourth quarter valued at $30,000. Global Trust Asset Management LLC bought a new position in Fidelity Blue Chip Value ETF during the first quarter valued at $37,000. Osaic Holdings Inc. increased its position in Fidelity Blue Chip Value ETF by 151.3% in the second quarter. Osaic Holdings Inc. now owns 2,759 shares of the company’s stock worth $90,000 after buying an additional 1,661 shares during the last quarter. Finally, Sunbelt Securities Inc. raised its stake 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 buying an additional 1,059 shares during the period.

Fidelity Blue Chip Value ETF Company Profile

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.