Fidelity Value Factor ETF (NYSEARCA:FVAL – Get Free Report) was the recipient of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 35,627 shares, a decrease of 39.8% from the June 30th total of 59,154 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 23,447 shares, the short-interest ratio is currently 1.5 days.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its stake in Fidelity Value Factor ETF by 0.5% during the first quarter. Royal Bank of Canada now owns 165,041 shares of the company’s stock worth $9,835,000 after purchasing an additional 843 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in shares of Fidelity Value Factor ETF in the 1st quarter valued at $1,656,000. NewEdge Advisors LLC raised its holdings in shares of Fidelity Value Factor ETF by 6.9% during the 2nd quarter. NewEdge Advisors LLC now owns 7,775 shares of the company’s stock worth $497,000 after buying an additional 501 shares in the last quarter. Quantinno Capital Management LP bought a new stake in shares of Fidelity Value Factor ETF during the 2nd quarter worth $340,000. Finally, Darwin Wealth Management LLC bought a new stake in shares of Fidelity Value Factor ETF during the 2nd quarter worth $1,074,000.
Fidelity Value Factor ETF Stock Up 0.8%
Shares of NYSEARCA:FVAL traded up $0.64 during midday trading on Thursday, hitting $80.01. The stock had a trading volume of 57,003 shares, compared to its average volume of 44,329. The company’s 50-day moving average price is $78.83 and its 200-day moving average price is $75.21. Fidelity Value Factor ETF has a fifty-two week low of $63.43 and a fifty-two week high of $80.69. The company has a market capitalization of $1.30 billion, a P/E ratio of 19.06 and a beta of 0.95.
Fidelity Value Factor ETF Company Profile
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.
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