Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Sees Significant Decrease in Short Interest

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLOGet Free Report) saw a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 16,657 shares, a decline of 70.7% from the June 15th total of 56,928 shares. Based on an average trading volume of 41,127 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the shares of the company are sold short.

Hedge Funds Weigh In On Fidelity Low Volatility Factor ETF

Several hedge funds and other institutional investors have recently made changes to their positions in FDLO. Maseco LLP bought a new stake in Fidelity Low Volatility Factor ETF during the 4th quarter valued at $25,000. Allworth Financial LP increased its holdings 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 valued at $27,000 after purchasing an additional 341 shares during the period. Legacy Wealth Managment LLC ID bought a new stake in shares of Fidelity Low Volatility Factor ETF during the fourth quarter valued at about $31,000. Ankerstar Wealth LLC acquired a new stake in Fidelity Low Volatility Factor ETF in the fourth quarter worth about $32,000. Finally, CoreCap Advisors LLC acquired a new stake in Fidelity Low Volatility Factor ETF in the second quarter worth about $40,000.

Fidelity Low Volatility Factor ETF Price Performance

Shares of FDLO stock traded up $0.07 during trading hours on Friday, reaching $70.14. The stock had a trading volume of 36,128 shares, compared to its average volume of 67,513. Fidelity Low Volatility Factor ETF has a twelve month low of $62.23 and a twelve month high of $70.71. The firm has a 50-day simple moving average of $69.32 and a 200-day simple moving average of $67.92. The firm has a market capitalization of $1.40 billion, a PE ratio of 24.34 and a beta of 0.77.

Fidelity Low Volatility Factor ETF Company Profile

(Get Free Report)

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.

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