Fidelity Fundamental Large Cap Value ETF (BATS:FFLV – Get Free Report) was the recipient of a large drop in short interest in August. As of August 14th, there was short interest totaling 9,126 shares, a drop of 55.5% from the July 30th total of 20,520 shares. Based on an average daily volume of 5,156 shares, the short-interest ratio is currently 1.8 days. Approximately 1.9% of the shares of the stock are short sold.
Fidelity Fundamental Large Cap Value ETF Stock Performance
Shares of FFLV opened at $29.09 on Friday. The stock has a fifty day moving average price of $28.43 and a two-hundred day moving average price of $26.96. Fidelity Fundamental Large Cap Value ETF has a 52-week low of $22.64 and a 52-week high of $29.32. The company has a market cap of $13.82 million, a price-to-earnings ratio of 16.54 and a beta of 0.60.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in FFLV. Osaic Holdings Inc. lifted its position in Fidelity Fundamental Large Cap Value ETF by 208.3% during the 2nd quarter. Osaic Holdings Inc. now owns 2,775 shares of the company’s stock worth $61,000 after buying an additional 1,875 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in Fidelity Fundamental Large Cap Value ETF during the 4th quarter worth about $65,000. Finally, Citadel Advisors LLC increased its position in Fidelity Fundamental Large Cap Value ETF by 144.3% in the 3rd quarter. Citadel Advisors LLC now owns 31,151 shares of the company’s stock valued at $721,000 after acquiring an additional 18,400 shares in the last quarter.
About Fidelity Fundamental Large Cap Value ETF
The Fidelity Fundamental Large Cap Value ETF (FFLV) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund that provides exposure to large-cap value stocks from around the world. The fund selects equity securities based on fundamental research and analysis. FFLV was launched on Feb 22, 2024 and is issued by Fidelity.
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