Short Interest in Fidelity Value Factor ETF (NYSEARCA:FVAL) Rises By 45.0%

Fidelity Value Factor ETF (NYSEARCA:FVAL) saw a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 23,313 shares, an increase of 45.0% from the January 29th total of 16,079 shares. Based on an average daily trading volume, of 55,025 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the company’s shares are sold short. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 55,025 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On Fidelity Value Factor ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Envestnet Asset Management Inc. lifted its position in shares of Fidelity Value Factor ETF by 5.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,476,362 shares of the company’s stock valued at $101,677,000 after acquiring an additional 78,311 shares during the last quarter. High Probability Advisors LLC grew its holdings in shares of Fidelity Value Factor ETF by 0.5% in the 4th quarter. High Probability Advisors LLC now owns 429,924 shares of the company’s stock worth $31,071,000 after acquiring an additional 2,312 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Fidelity Value Factor ETF by 1,449.0% during the third quarter. Thrivent Financial for Lutherans now owns 417,772 shares of the company’s stock valued at $28,772,000 after purchasing an additional 390,802 shares during the last quarter. Merit Financial Group LLC purchased a new stake in shares of Fidelity Value Factor ETF during the third quarter valued at $27,668,000. Finally, MAI Capital Management boosted its position in shares of Fidelity Value Factor ETF by 98.9% in the 3rd quarter. MAI Capital Management now owns 299,051 shares of the company’s stock valued at $20,596,000 after purchasing an additional 148,716 shares during the period.

Fidelity Value Factor ETF Stock Down 0.5%

Shares of FVAL traded down $0.38 during mid-day trading on Friday, reaching $73.20. 44,088 shares of the stock traded hands, compared to its average volume of 47,733. The stock has a fifty day simple moving average of $73.35 and a 200 day simple moving average of $70.75. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 19.06 and a beta of 0.97. Fidelity Value Factor ETF has a 12-month low of $51.58 and a 12-month high of $74.64.

About Fidelity Value Factor ETF

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.