Fidelity Value Factor ETF (NYSEARCA:FVAL) Short Interest Down 72.4% in April

Fidelity Value Factor ETF (NYSEARCA:FVAL) saw a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 7,468 shares, a decline of 72.4% from the April 15th total of 27,011 shares. Based on an average trading volume of 32,939 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

Fidelity Value Factor ETF Stock Performance

Shares of NYSEARCA FVAL traded up $0.49 during trading on Wednesday, reaching $77.91. The company had a trading volume of 18,301 shares, compared to its average volume of 47,759. Fidelity Value Factor ETF has a 52 week low of $60.07 and a 52 week high of $77.99. The stock has a market cap of $1.25 billion, a PE ratio of 19.06 and a beta of 0.95. The business’s 50 day moving average price is $72.54 and its 200-day moving average price is $72.32.

Hedge Funds Weigh In On Fidelity Value Factor ETF

A number of institutional investors have recently modified their holdings of the stock. Assetmark Inc. grew its position in shares of Fidelity Value Factor ETF by 6.3% during the 1st quarter. Assetmark Inc. now owns 7,260 shares of the company’s stock worth $504,000 after buying an additional 429 shares during the period. Diversify Wealth Management LLC acquired a new stake in shares of Fidelity Value Factor ETF during the 1st quarter worth approximately $899,000. Fifth Third Bancorp grew its position in shares of Fidelity Value Factor ETF by 5,322.0% during the 1st quarter. Fifth Third Bancorp now owns 2,223 shares of the company’s stock worth $154,000 after buying an additional 2,182 shares during the period. Darwin Wealth Management LLC grew its position in shares of Fidelity Value Factor ETF by 44.1% during the 1st quarter. Darwin Wealth Management LLC now owns 25,858 shares of the company’s stock worth $1,795,000 after buying an additional 7,914 shares during the period. Finally, Integrity Wealth Partners LLC acquired a new stake in shares of Fidelity Value Factor ETF during the 1st quarter worth approximately $419,000.

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.