Fidelity International Value Factor ETF (NYSEARCA:FIVA) Short Interest Update

Fidelity International Value Factor ETF (NYSEARCA:FIVA) saw a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 73,561 shares, a drop of 72.5% from the December 31st total of 267,091 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average trading volume of 213,073 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 213,073 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.6% of the shares of the company are sold short.

Fidelity International Value Factor ETF Stock Down 0.7%

FIVA stock traded down $0.25 during midday trading on Wednesday, hitting $36.68. The company’s stock had a trading volume of 235,703 shares, compared to its average volume of 233,389. The stock’s 50-day moving average price is $34.17 and its 200 day moving average price is $32.09. Fidelity International Value Factor ETF has a 1 year low of $23.44 and a 1 year high of $36.98. The stock has a market cap of $432.82 million, a price-to-earnings ratio of 11.15 and a beta of 0.81.

Hedge Funds Weigh In On Fidelity International Value Factor ETF

Several institutional investors have recently added to or reduced their stakes in the stock. Cornerstone Planning Group LLC purchased a new stake in Fidelity International Value Factor ETF during the third quarter worth about $48,000. National Bank of Canada FI bought a new stake in shares of Fidelity International Value Factor ETF in the 3rd quarter worth approximately $56,000. Farther Finance Advisors LLC bought a new stake in shares of Fidelity International Value Factor ETF in the 2nd quarter worth approximately $132,000. Northwestern Mutual Wealth Management Co. lifted its stake in Fidelity International Value Factor ETF by 32.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,019 shares of the company’s stock valued at $147,000 after purchasing an additional 1,231 shares during the last quarter. Finally, Advisory Services Network LLC bought a new position in Fidelity International Value Factor ETF during the third quarter valued at $167,000.

About Fidelity International Value Factor ETF

The Fidelity International Value Factor ETF (FIVA) is an exchange-traded fund that is based on the Fidelity International Value Factor index. The fund tracks a multi-factor index of large- and mid-cap value stocks from developed markets, ex-US. FIVA was launched on Jan 16, 2018 and is managed by Fidelity.