Fidelity U.S. Multifactor ETF (NYSEARCA:FLRG) Short Interest Update

Fidelity U.S. Multifactor ETF (NYSEARCA:FLRG) saw a significant growth in short interest in February. As of February 27th, there was short interest totaling 30,889 shares, a growth of 22.6% from the February 12th total of 25,188 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 20,439 shares, the short-interest ratio is presently 1.5 days. Based on an average daily trading volume, of 20,439 shares, the short-interest ratio is presently 1.5 days. Approximately 0.4% of the shares of the stock are sold short.

Institutional Trading of Fidelity U.S. Multifactor ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Evolution Wealth Management Inc. acquired a new position in Fidelity U.S. Multifactor ETF in the 2nd quarter valued at about $45,000. Clarity Asset Management Inc. acquired a new position in shares of Fidelity U.S. Multifactor ETF in the second quarter valued at approximately $55,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Fidelity U.S. Multifactor ETF during the second quarter valued at approximately $180,000. Silver Oak Securities Incorporated acquired a new stake in Fidelity U.S. Multifactor ETF during the third quarter worth approximately $214,000. Finally, High Point Wealth Management LLC acquired a new stake in Fidelity U.S. Multifactor ETF during the fourth quarter worth approximately $235,000.

Fidelity U.S. Multifactor ETF Stock Up 0.4%

NYSEARCA FLRG opened at $37.66 on Wednesday. Fidelity U.S. Multifactor ETF has a fifty-two week low of $28.97 and a fifty-two week high of $38.97. The stock has a market cap of $271.15 million, a price-to-earnings ratio of 20.13 and a beta of 0.87. The business has a fifty day moving average of $38.25 and a 200-day moving average of $38.11.

About Fidelity U.S. Multifactor ETF

The Fidelity U.S. Multifactor ETF (FLRG) is an exchange-traded fund that is based on the Fidelity U.S. Multifactor index. The fund tracks an index large-cap US stocks selected by four factors – value, quality, low volatility, and momentum. FLRG was launched on Sep 15, 2020 and is managed by Fidelity.