Fidelity Value Factor ETF (NYSEARCA:FVAL) Sees Significant Increase in Short Interest

Fidelity Value Factor ETF (NYSEARCA:FVAL) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 14,043 shares, a growth of 358.6% from the December 15th total of 3,062 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 36,163 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 36,163 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the shares of the stock are sold short.

Fidelity Value Factor ETF Stock Performance

Shares of NYSEARCA FVAL traded down $0.48 during mid-day trading on Tuesday, hitting $73.30. 23,799 shares of the stock were exchanged, compared to its average volume of 38,229. Fidelity Value Factor ETF has a twelve month low of $51.58 and a twelve month high of $74.07. The stock’s fifty day simple moving average is $71.58 and its two-hundred day simple moving average is $68.68. The company has a market cap of $1.13 billion, a P/E ratio of 19.06 and a beta of 0.97.

Hedge Funds Weigh In On Fidelity Value Factor ETF

A number of institutional investors and hedge funds have recently bought and sold shares of FVAL. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Fidelity Value Factor ETF in the second quarter valued at $65,000. Avidian Wealth Enterprises LLC bought a new stake in Fidelity Value Factor ETF during the 3rd quarter worth about $204,000. IFP Advisors Inc increased its position in Fidelity Value Factor ETF by 5.6% in the 2nd quarter. IFP Advisors Inc now owns 3,317 shares of the company’s stock valued at $212,000 after acquiring an additional 176 shares in the last quarter. New England Private Wealth Advisors LLC bought a new position in shares of Fidelity Value Factor ETF in the second quarter worth about $215,000. Finally, Kestra Investment Management LLC acquired a new position in shares of Fidelity Value Factor ETF during the second quarter worth approximately $223,000.

Fidelity Value Factor ETF Company Profile

The Fidelity Value Factor ETF (FVAL) is an exchange-traded fund that is based on the Fidelity U.S. Value Factor index. The fund follows a fundamentally selected, tier-weighted index of large-cap US stocks. FVAL was launched on Sep 12, 2016 and is managed by Fidelity.