Short Interest in Fidelity Value Factor ETF (NYSEARCA:FVAL) Grows By 217.7%

Fidelity Value Factor ETF (NYSEARCA:FVAL) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 80,114 shares, a growth of 217.7% from the August 15th total of 25,213 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average trading volume of 60,771 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Investors Weigh In On Fidelity Value Factor ETF

A number of hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its position in 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. bought a new position in shares of Fidelity Value Factor ETF during the first quarter valued at about $1,656,000. NewEdge Advisors LLC lifted its position in shares of Fidelity Value Factor ETF by 6.9% during the 2nd quarter. NewEdge Advisors LLC now owns 7,775 shares of the company’s stock worth $497,000 after buying an additional 501 shares in the last quarter. Quantinno Capital Management LP purchased a new position in Fidelity Value Factor ETF in the second quarter worth $340,000. Finally, Darwin Wealth Management LLC bought a new position in Fidelity Value Factor ETF in the 2nd quarter valued at $1,074,000.

Fidelity Value Factor ETF Trading Up 0.8%

NYSEARCA FVAL traded up $0.67 during trading hours on Friday, hitting $82.32. 20,558 shares of the company’s stock were exchanged, compared to its average volume of 44,916. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 19.06 and a beta of 0.95. The stock has a 50-day simple moving average of $81.37 and a 200 day simple moving average of $77.22. Fidelity Value Factor ETF has a 1-year low of $67.20 and a 1-year high of $83.71.

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.