Short Interest in Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Expands By 81.4%

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 2,471 shares, an increase of 81.4% from the July 30th total of 1,362 shares. Based on an average daily volume of 52,974 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Corient Private Wealth LP lifted its position in shares of Fidelity Low Volatility Factor ETF by 1,667.4% during the 2nd quarter. Corient Private Wealth LP now owns 186,302 shares of the company’s stock worth $12,731,000 after purchasing an additional 175,761 shares during the last quarter. Ameritas Advisory Services LLC grew its holdings in Fidelity Low Volatility Factor ETF by 138.3% in the 2nd quarter. Ameritas Advisory Services LLC now owns 254,114 shares of the company’s stock valued at $17,365,000 after buying an additional 147,473 shares during the last quarter. Buttonwood Financial Group LLC grew its holdings in Fidelity Low Volatility Factor ETF by 7.0% in the 2nd quarter. Buttonwood Financial Group LLC now owns 8,988 shares of the company’s stock valued at $614,000 after buying an additional 590 shares during the last quarter. Mechanics Bank Trust Department increased its position in Fidelity Low Volatility Factor ETF by 11.2% in the 2nd quarter. Mechanics Bank Trust Department now owns 93,546 shares of the company’s stock worth $6,392,000 after buying an additional 9,450 shares during the period. Finally, CoreCap Advisors LLC bought a new position in Fidelity Low Volatility Factor ETF in the 2nd quarter worth approximately $40,000.

Fidelity Low Volatility Factor ETF Stock Down 0.9%

NYSEARCA:FDLO opened at $72.46 on Tuesday. The company’s 50 day moving average is $71.07 and its 200-day moving average is $68.99. Fidelity Low Volatility Factor ETF has a 12 month low of $63.36 and a 12 month high of $73.64. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 24.34 and a beta of 0.76.

Fidelity Low Volatility Factor ETF Company Profile

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.