Short Interest in Fidelity Value Factor ETF (NYSEARCA:FVAL) Increases By 64.4%

Fidelity Value Factor ETF (NYSEARCA:FVAL) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 58,571 shares, an increase of 64.4% from the July 15th total of 35,627 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average trading volume of 62,956 shares, the short-interest ratio is presently 0.9 days.

Fidelity Value Factor ETF Stock Down 0.7%

Shares of FVAL stock traded down $0.57 during mid-day trading on Monday, hitting $82.64. 34,820 shares of the stock were exchanged, compared to its average volume of 44,360. Fidelity Value Factor ETF has a 52-week low of $65.78 and a 52-week high of $83.57. The company has a market cap of $1.36 billion, a PE ratio of 19.06 and a beta of 0.95. The firm has a fifty day moving average of $79.54 and a 200 day moving average of $75.99.

Institutional Trading of Fidelity Value Factor ETF

Institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. lifted its stake in Fidelity Value Factor ETF by 3,648.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 113,362 shares of the company’s stock valued at $8,193,000 after buying an additional 110,338 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Fidelity Value Factor ETF by 200.4% during the fourth quarter. Farther Finance Advisors LLC now owns 17,100 shares of the company’s stock valued at $1,236,000 after acquiring an additional 11,408 shares during the last quarter. Beacon Advisors Holdings LLC purchased a new position in shares of Fidelity Value Factor ETF in the fourth quarter valued at approximately $13,819,000. Ballast Financial Advisors LLC purchased a new position in shares of Fidelity Value Factor ETF in the fourth quarter valued at approximately $583,000. Finally, Dynamic Advisor Solutions LLC boosted its stake in shares of Fidelity Value Factor ETF by 12.3% in the second quarter. Dynamic Advisor Solutions LLC now owns 331,727 shares of the company’s stock worth $25,853,000 after acquiring an additional 36,428 shares during the last quarter.

Fidelity Value Factor ETF Company Profile

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.