Short Interest in Fidelity International Value Factor ETF (NYSEARCA:FIVA) Increases By 24.6%

Fidelity International Value Factor ETF (NYSEARCA:FIVA) saw a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 91,626 shares, a growth of 24.6% from the January 15th total of 73,561 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily volume of 259,028 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 259,028 shares, the short-interest ratio is presently 0.4 days. Approximately 0.7% of the shares of the stock are sold short.

Fidelity International Value Factor ETF Price Performance

Fidelity International Value Factor ETF stock traded up $0.09 during midday trading on Monday, reaching $37.74. The stock had a trading volume of 203,191 shares, compared to its average volume of 248,946. The firm’s fifty day simple moving average is $35.34 and its two-hundred day simple moving average is $32.76. Fidelity International Value Factor ETF has a twelve month low of $23.44 and a twelve month high of $38.19. The firm has a market cap of $475.52 million, a price-to-earnings ratio of 11.15 and a beta of 0.81.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of FIVA. Cornerstone Planning Group LLC acquired a new position in shares of Fidelity International Value Factor ETF in the 3rd quarter valued at $48,000. Northwestern Mutual Wealth Management Co. raised its position in Fidelity International Value Factor ETF by 247.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,739 shares of the company’s stock worth $60,000 after purchasing an additional 1,239 shares in the last quarter. National Bank of Canada FI acquired a new position in Fidelity International Value Factor ETF in the third quarter worth about $56,000. Advisory Services Network LLC bought a new position in Fidelity International Value Factor ETF during the third quarter worth about $167,000. Finally, Asset Allocation Strategies LLC acquired a new stake in Fidelity International Value Factor ETF during the fourth quarter valued at approximately $213,000.

About Fidelity International Value Factor ETF

The Fidelity International Value Factor ETF (FIVA) is an exchange-traded fund that is based on the Fidelity International Value Factor index. The fund tracks a multi-factor index of large- and mid-cap value stocks from developed markets, ex-US. FIVA was launched on Jan 16, 2018 and is managed by Fidelity.