Fidelity Value Factor ETF (NYSEARCA:FVAL) Shares Shorted: Short Interest Down 42.4% in September

Fidelity Value Factor ETF (NYSEARCA:FVAL) was the recipient of a large drop in short interest in September. As of September 15th, there was short interest totaling 46,108 shares, a drop of 42.4% from the August 31st total of 80,114 shares. Based on an average daily volume of 31,393 shares, the short-interest ratio is currently 1.5 days. Approximately 0.3% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Compass Financial Management LLC purchased a new stake in shares of Fidelity Value Factor ETF in the 2nd quarter worth about $65,000. Lavaca Capital LLC acquired a new position in Fidelity Value Factor ETF during the first quarter worth about $66,000. Western Wealth Management LLC purchased a new stake in shares of Fidelity Value Factor ETF in the first quarter valued at about $97,000. Portfolio Resources Advisor Group Inc. purchased a new stake in shares of Fidelity Value Factor ETF in the fourth quarter valued at about $125,000. Finally, Fifth Third Bancorp lifted its holdings in shares of Fidelity Value Factor ETF by 5,322.0% in the first quarter. Fifth Third Bancorp now owns 2,223 shares of the company’s stock valued at $154,000 after purchasing an additional 2,182 shares in the last quarter.

Fidelity Value Factor ETF Stock Performance

FVAL stock traded down $0.30 during midday trading on Wednesday, hitting $80.76. 40,448 shares of the stock were exchanged, compared to its average volume of 44,614. The stock’s 50-day moving average price is $82.00 and its 200-day moving average price is $78.08. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 19.06 and a beta of 0.95. Fidelity Value Factor ETF has a fifty-two week low of $67.20 and a fifty-two week high of $83.71.

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.