Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Short Interest Update

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) was the target of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 18,296 shares, a decrease of 50.6% from the February 26th total of 37,042 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 67,156 shares, the days-to-cover ratio is presently 0.3 days.

Fidelity Low Volatility Factor ETF Price Performance

Shares of FDLO traded down $0.43 during trading hours on Thursday, hitting $64.40. The company’s stock had a trading volume of 82,592 shares, compared to its average volume of 77,148. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 24.34 and a beta of 0.80. The business has a 50 day simple moving average of $67.30 and a two-hundred day simple moving average of $66.66. Fidelity Low Volatility Factor ETF has a 52-week low of $53.59 and a 52-week high of $68.71.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Twin Peaks Wealth Advisors LLC bought a new stake in Fidelity Low Volatility Factor ETF during the 2nd quarter valued at $25,000. Maseco LLP bought a new position in shares of Fidelity Low Volatility Factor ETF in the fourth quarter worth $25,000. Allworth Financial LP grew its position in shares of Fidelity Low Volatility Factor ETF by 460.8% in the third quarter. Allworth Financial LP now owns 415 shares of the company’s stock valued at $27,000 after purchasing an additional 341 shares in the last quarter. MAI Capital Management grew its position in shares of Fidelity Low Volatility Factor ETF by 58.7% in the third quarter. MAI Capital Management now owns 419 shares of the company’s stock valued at $28,000 after purchasing an additional 155 shares in the last quarter. Finally, Legacy Wealth Managment LLC ID bought a new stake in shares of Fidelity Low Volatility Factor ETF during the 4th quarter valued at $31,000.

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.