Fidelity U.S. Multifactor ETF (NYSEARCA:FLRG) Sees Significant Growth in Short Interest

Fidelity U.S. Multifactor ETF (NYSEARCA:FLRG) was the recipient of a large increase in short interest in January. As of January 30th, there was short interest totaling 27,876 shares, an increase of 30.5% from the January 15th total of 21,357 shares. Based on an average trading volume of 20,541 shares, the short-interest ratio is presently 1.4 days. Approximately 0.4% of the shares of the stock are short sold. Approximately 0.4% of the shares of the stock are short sold. Based on an average trading volume of 20,541 shares, the short-interest ratio is presently 1.4 days.

Institutional Trading of Fidelity U.S. Multifactor ETF

Hedge funds have recently made changes to their positions in the stock. AE Wealth Management LLC increased its stake in Fidelity U.S. Multifactor ETF by 8.5% in the fourth quarter. AE Wealth Management LLC now owns 1,942,395 shares of the company’s stock valued at $73,714,000 after acquiring an additional 152,865 shares during the last quarter. Berman McAleer LLC boosted its holdings in shares of Fidelity U.S. Multifactor ETF by 5.2% in the 4th quarter. Berman McAleer LLC now owns 291,358 shares of the company’s stock worth $11,057,000 after purchasing an additional 14,518 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Fidelity U.S. Multifactor ETF by 7.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 273,561 shares of the company’s stock valued at $10,456,000 after buying an additional 19,364 shares in the last quarter. Advisory Services Network LLC raised its holdings in shares of Fidelity U.S. Multifactor ETF by 20.0% during the 2nd quarter. Advisory Services Network LLC now owns 233,929 shares of the company’s stock valued at $8,482,000 after buying an additional 39,036 shares in the last quarter. Finally, Centennial Wealth Advisory LLC lifted its position in Fidelity U.S. Multifactor ETF by 4.1% in the 4th quarter. Centennial Wealth Advisory LLC now owns 85,632 shares of the company’s stock worth $3,250,000 after buying an additional 3,384 shares during the last quarter.

Fidelity U.S. Multifactor ETF Price Performance

Shares of FLRG opened at $38.13 on Monday. Fidelity U.S. Multifactor ETF has a 1-year low of $28.97 and a 1-year high of $38.97. The company has a market capitalization of $274.54 million, a P/E ratio of 20.13 and a beta of 0.87. The firm’s 50 day simple moving average is $38.36 and its 200 day simple moving average is $37.92.

Fidelity U.S. Multifactor ETF Company Profile

The Fidelity U.S. Multifactor ETF (FLRG) is an exchange-traded fund that is based on the Fidelity U.S. Multifactor index. The fund tracks an index large-cap US stocks selected by four factors – value, quality, low volatility, and momentum. FLRG was launched on Sep 15, 2020 and is managed by Fidelity.