Short Interest in Fidelity Value Factor ETF (NYSEARCA:FVAL) Rises By 81.1%

Fidelity Value Factor ETF (NYSEARCA:FVAL) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 25,425 shares, a growth of 81.1% from the December 31st total of 14,043 shares. Based on an average daily trading volume, of 41,254 shares, the short-interest ratio is presently 0.6 days. Approximately 0.2% of the company’s shares are sold short. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 41,254 shares, the short-interest ratio is presently 0.6 days.

Fidelity Value Factor ETF Stock Performance

FVAL stock traded down $0.08 on Friday, reaching $73.83. The company’s stock had a trading volume of 34,844 shares, compared to its average volume of 47,247. The firm has a market cap of $1.14 billion, a PE ratio of 19.06 and a beta of 0.97. The business has a fifty day simple moving average of $72.55 and a two-hundred day simple moving average of $69.54. Fidelity Value Factor ETF has a 12-month low of $51.58 and a 12-month high of $74.22.

Hedge Funds Weigh In On Fidelity Value Factor ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Strategic Blueprint LLC raised its stake in Fidelity Value Factor ETF by 27.7% in the fourth quarter. Strategic Blueprint LLC now owns 24,485 shares of the company’s stock worth $1,770,000 after buying an additional 5,314 shares in the last quarter. Kestra Private Wealth Services LLC grew its holdings in shares of Fidelity Value Factor ETF by 6.6% during the 4th quarter. Kestra Private Wealth Services LLC now owns 116,142 shares of the company’s stock worth $8,394,000 after acquiring an additional 7,199 shares during the period. High Probability Advisors LLC raised its position 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 in the last quarter. Spectrum Investment Advisors Inc. lifted its stake in shares of Fidelity Value Factor ETF by 1.8% in the 4th quarter. Spectrum Investment Advisors Inc. now owns 15,262 shares of the company’s stock valued at $1,103,000 after purchasing an additional 275 shares during the period. Finally, Schmidt P J Investment Management Inc. lifted its stake in shares of Fidelity Value Factor ETF by 3.2% in the 4th quarter. Schmidt P J Investment Management Inc. now owns 14,624 shares of the company’s stock valued at $1,057,000 after purchasing an additional 451 shares during the period.

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.