Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Short Interest Down 82.7% in December

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) saw a large decrease in short interest in the month of December. As of December 31st, there was short interest totaling 3,317 shares, a decrease of 82.7% from the December 15th total of 19,224 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 75,198 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 75,198 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Hedge Funds Weigh In On Fidelity Low Volatility Factor ETF

Several institutional investors and hedge funds have recently modified their holdings of FDLO. Bank of America Corp DE raised its holdings in shares of Fidelity Low Volatility Factor ETF by 8.5% during the third quarter. Bank of America Corp DE now owns 481,167 shares of the company’s stock worth $31,694,000 after acquiring an additional 37,654 shares in the last quarter. Campbell Deegan Wealth Management LLC grew its stake in Fidelity Low Volatility Factor ETF by 1.5% in the third quarter. Campbell Deegan Wealth Management LLC now owns 319,410 shares of the company’s stock valued at $21,040,000 after purchasing an additional 4,677 shares in the last quarter. Corient Private Wealth LLC increased its position in Fidelity Low Volatility Factor ETF by 0.3% in the 2nd quarter. Corient Private Wealth LLC now owns 236,209 shares of the company’s stock worth $14,834,000 after purchasing an additional 682 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of Fidelity Low Volatility Factor ETF by 49.5% during the 2nd quarter. NewEdge Advisors LLC now owns 176,211 shares of the company’s stock worth $11,066,000 after purchasing an additional 58,317 shares in the last quarter. Finally, Running Point Capital Advisors LLC raised its stake in shares of Fidelity Low Volatility Factor ETF by 4.9% during the 3rd quarter. Running Point Capital Advisors LLC now owns 174,050 shares of the company’s stock worth $11,465,000 after purchasing an additional 8,148 shares in the last quarter.

Fidelity Low Volatility Factor ETF Stock Performance

Shares of FDLO stock traded down $0.04 during trading on Wednesday, hitting $67.74. 54,848 shares of the company were exchanged, compared to its average volume of 81,005. The business’s 50-day simple moving average is $66.85 and its 200 day simple moving average is $65.41. Fidelity Low Volatility Factor ETF has a twelve month low of $53.59 and a twelve month high of $68.03. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 24.34 and a beta of 0.80.

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.