Fidelity Blue Chip Value ETF (BATS:FBCV) Short Interest Up 107.1% in April

Fidelity Blue Chip Value ETF (BATS:FBCV) saw a large growth in short interest in April. As of April 30th, there was short interest totaling 12,842 shares, a growth of 107.1% from the April 15th total of 6,200 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 14,835 shares, the days-to-cover ratio is currently 0.9 days.

Fidelity Blue Chip Value ETF Price Performance

FBCV stock opened at $38.39 on Friday. The stock has a market capitalization of $150.87 million, a PE ratio of 16.12 and a beta of 0.74. The company’s 50-day moving average is $37.08 and its 200-day moving average is $36.50. Fidelity Blue Chip Value ETF has a 1 year low of $31.60 and a 1 year high of $38.84.

Institutional Investors Weigh In On Fidelity Blue Chip Value ETF

A number of institutional investors and hedge funds have recently made changes to their positions in FBCV. Royal Bank of Canada raised its holdings in shares of Fidelity Blue Chip Value ETF by 4,045.7% in the 1st quarter. Royal Bank of Canada now owns 19,070 shares of the company’s stock worth $610,000 after acquiring an additional 18,610 shares during the last quarter. Cetera Investment Advisers acquired a new stake in shares of Fidelity Blue Chip Value ETF in the 2nd quarter worth about $294,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Fidelity Blue Chip Value ETF by 145.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 885 shares of the company’s stock worth $29,000 after acquiring an additional 524 shares during the last quarter. Osaic Holdings Inc. raised its holdings in shares of Fidelity Blue Chip Value ETF by 151.3% in the 2nd quarter. Osaic Holdings Inc. now owns 2,759 shares of the company’s stock worth $90,000 after acquiring an additional 1,661 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Fidelity Blue Chip Value ETF by 8.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 32,870 shares of the company’s stock worth $1,120,000 after acquiring an additional 2,679 shares during the last quarter.

Fidelity Blue Chip Value ETF Company Profile

The Fidelity Blue Chip Value ETF (FBCV) is an exchange-traded fund that is based on the Russell 1000 Value index. The fund is an actively-managed, non-transparent fund of fundamentally-selected large-cap global value stocks. The fund utilizes the Fidelity non-transparent model. FBCV was launched on Jun 3, 2020 and is managed by Fidelity.