Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Sees Large Drop in Short Interest

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) was the target of a significant decline in short interest in the month of December. As of December 15th, there was short interest totaling 19,224 shares, a decline of 47.3% from the November 30th total of 36,512 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 126,768 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 126,768 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are short sold.

Fidelity Low Volatility Factor ETF Stock Down 0.2%

Fidelity Low Volatility Factor ETF stock traded down $0.16 during trading hours on Monday, reaching $67.26. 105,330 shares of the company’s stock were exchanged, compared to its average volume of 105,726. The firm’s 50 day simple moving average is $66.48 and its 200 day simple moving average is $64.93. Fidelity Low Volatility Factor ETF has a twelve month low of $53.59 and a twelve month high of $67.93. The firm has a market capitalization of $1.44 billion, a PE ratio of 24.34 and a beta of 0.80.

Institutional Investors Weigh In On Fidelity Low Volatility Factor ETF

A number of hedge funds have recently added to or reduced their stakes in FDLO. Raymond James Financial Inc. boosted its holdings in shares of Fidelity Low Volatility Factor ETF by 0.6% during the 1st quarter. Raymond James Financial Inc. now owns 102,697 shares of the company’s stock worth $6,225,000 after buying an additional 603 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Fidelity Low Volatility Factor ETF by 1.3% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 28,680 shares of the company’s stock valued at $1,739,000 after acquiring an additional 379 shares during the period. Royal Bank of Canada boosted its stake in Fidelity Low Volatility Factor ETF by 104.7% during the first quarter. Royal Bank of Canada now owns 109,915 shares of the company’s stock worth $6,663,000 after acquiring an additional 56,230 shares in the last quarter. Focus Partners Advisor Solutions LLC boosted its stake in Fidelity Low Volatility Factor ETF by 48.9% during the first quarter. Focus Partners Advisor Solutions LLC now owns 10,044 shares of the company’s stock worth $609,000 after acquiring an additional 3,297 shares in the last quarter. Finally, NewEdge Advisors LLC grew its holdings in Fidelity Low Volatility Factor ETF by 15.0% in the first quarter. NewEdge Advisors LLC now owns 117,894 shares of the company’s stock worth $7,147,000 after purchasing an additional 15,368 shares during the period.

Fidelity Low Volatility Factor ETF Company Profile

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.