Short Interest in Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Declines By 74.8%

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) was the recipient of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 5,705 shares, a decrease of 74.8% from the April 30th total of 22,614 shares. Based on an average daily volume of 67,130 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Fidelity Low Volatility Factor ETF Price Performance

Shares of FDLO traded up $0.02 during mid-day trading on Friday, reaching $70.43. The stock had a trading volume of 83,250 shares, compared to its average volume of 73,443. Fidelity Low Volatility Factor ETF has a 52-week low of $60.56 and a 52-week high of $70.52. The business’s fifty day moving average is $67.55 and its 200 day moving average is $67.38. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 24.34 and a beta of 0.77.

Institutional Investors Weigh In On Fidelity Low Volatility Factor ETF

Hedge funds have recently modified their holdings of the company. Maseco LLP purchased a new stake in shares of Fidelity Low Volatility Factor ETF in the fourth quarter valued at about $25,000. Allworth Financial LP boosted its stake in Fidelity Low Volatility Factor ETF by 460.8% during the third quarter. Allworth Financial LP now owns 415 shares of the company’s stock worth $27,000 after buying an additional 341 shares during the period. MAI Capital Management boosted its stake in Fidelity Low Volatility Factor ETF by 58.7% during the third quarter. MAI Capital Management now owns 419 shares of the company’s stock worth $28,000 after buying an additional 155 shares during the period. Legacy Wealth Managment LLC ID purchased a new position in Fidelity Low Volatility Factor ETF during the fourth quarter worth about $31,000. Finally, Ankerstar Wealth LLC purchased a new position in Fidelity Low Volatility Factor ETF during the fourth quarter worth about $32,000.

About Fidelity Low Volatility Factor ETF

The Fidelity Low Volatility Factor ETF (FDLO) is an exchange-traded fund that is based on the Fidelity U.S. Low Volatility Factor index. The fund tracks an index of large- and mid-cap US stocks selected for low volatility of returns and earnings. FDLO was launched on Sep 12, 2016 and is managed by Fidelity.