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

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) was the target of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 1,362 shares, a decline of 75.7% from the July 15th total of 5,604 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 62,276 shares, the days-to-cover ratio is presently 0.0 days.

Fidelity Low Volatility Factor ETF Price Performance

Shares of NYSEARCA:FDLO traded up $0.17 during trading on Thursday, hitting $73.13. The company’s stock had a trading volume of 32,176 shares, compared to its average volume of 65,919. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 24.34 and a beta of 0.76. The company has a 50-day moving average of $70.15 and a 200-day moving average of $68.61. Fidelity Low Volatility Factor ETF has a 12 month low of $63.36 and a 12 month high of $73.64.

Hedge Funds Weigh In On Fidelity Low Volatility Factor ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada lifted its position in shares of Fidelity Low Volatility Factor ETF by 104.7% during the 1st quarter. Royal Bank of Canada now owns 109,915 shares of the company’s stock valued at $6,663,000 after buying an additional 56,230 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Fidelity Low Volatility Factor ETF by 1,088.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 74,421 shares of the company’s stock worth $4,511,000 after acquiring an additional 68,157 shares during the period. Empowered Funds LLC purchased a new position in Fidelity Low Volatility Factor ETF during the first quarter valued at approximately $523,000. Jane Street Group LLC purchased a new position in Fidelity Low Volatility Factor ETF during the first quarter valued at approximately $869,000. Finally, Darwin Wealth Management LLC bought a new position in shares of Fidelity Low Volatility Factor ETF in the second quarter worth approximately $193,000.

About Fidelity Low Volatility Factor ETF

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.