Short Interest in Fidelity Fundamental Large Cap Value ETF (BATS:FFLV) Declines By 97.3%

Fidelity Fundamental Large Cap Value ETF (BATS:FFLV) was the target of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 544 shares, a decline of 97.3% from the April 15th total of 19,946 shares. Based on an average trading volume of 3,367 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Citadel Advisors LLC increased its position in Fidelity Fundamental Large Cap Value ETF by 144.3% during the third 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 during the last quarter. Osaic Holdings Inc. increased its position in Fidelity Fundamental Large Cap Value ETF by 208.3% during the second quarter. Osaic Holdings Inc. now owns 2,775 shares of the company’s stock valued at $61,000 after acquiring an additional 1,875 shares during the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Fidelity Fundamental Large Cap Value ETF during the fourth quarter valued at $65,000.

Fidelity Fundamental Large Cap Value ETF Price Performance

FFLV stock remained flat at $26.63 during mid-day trading on Monday. 5,597 shares of the company’s stock were exchanged, compared to its average volume of 6,175. Fidelity Fundamental Large Cap Value ETF has a fifty-two week low of $21.15 and a fifty-two week high of $26.94. The firm has a market cap of $12.65 million, a PE ratio of 16.54 and a beta of 0.60. The company has a 50 day simple moving average of $25.63 and a 200-day simple moving average of $24.93.

Fidelity Fundamental Large Cap Value ETF Company Profile

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.