Fidelity Value Factor ETF (NYSEARCA:FVAL – Get Free Report) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 51,826 shares, an increase of 83.0% from the May 31st total of 28,325 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 28,137 shares, the short-interest ratio is currently 1.8 days.
Fidelity Value Factor ETF Price Performance
Shares of NYSEARCA:FVAL opened at $78.48 on Friday. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 19.06 and a beta of 0.95. The stock’s 50 day moving average price is $77.81 and its 200 day moving average price is $74.33. Fidelity Value Factor ETF has a 12 month low of $63.43 and a 12 month high of $80.69.
Institutional Investors Weigh In On Fidelity Value Factor ETF
A number of institutional investors have recently bought and sold shares of the business. Royal Bank of Canada increased its holdings in shares of Fidelity Value Factor ETF by 0.5% in the 1st quarter. Royal Bank of Canada now owns 165,041 shares of the company’s stock valued at $9,835,000 after purchasing an additional 843 shares during the period. Goldman Sachs Group Inc. acquired a new stake in Fidelity Value Factor ETF in the 1st quarter worth approximately $1,656,000. NewEdge Advisors LLC lifted its holdings in Fidelity Value Factor ETF by 6.9% in the 2nd quarter. NewEdge Advisors LLC now owns 7,775 shares of the company’s stock worth $497,000 after purchasing an additional 501 shares during the last quarter. Quantinno Capital Management LP bought a new stake in Fidelity Value Factor ETF during the second quarter worth approximately $340,000. Finally, Darwin Wealth Management LLC bought a new stake in shares of Fidelity Value Factor ETF during the 2nd quarter worth $1,074,000.
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.
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