Fidelity Blue Chip Value ETF (BATS:FBCV) Stock Short Interest Drops 59.4%

Fidelity Blue Chip Value ETF (BATS:FBCV) saw a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 10,190 shares, a drop of 59.4% from the August 31st total of 25,094 shares. Based on an average daily volume of 13,916 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.3% of the shares of the company are short sold.

Fidelity Blue Chip Value ETF Trading Down 0.5%

Shares of FBCV opened at $41.25 on Wednesday. The firm has a market cap of $162.11 million, a PE ratio of 16.12 and a beta of 0.74. The firm has a fifty day simple moving average of $42.33 and a two-hundred day simple moving average of $39.77. Fidelity Blue Chip Value ETF has a 1-year low of $33.41 and a 1-year high of $43.49.

Institutional Trading of Fidelity Blue Chip Value ETF

Hedge funds have recently bought and sold shares of the company. Global Trust Asset Management LLC purchased a new position in Fidelity Blue Chip Value ETF in the first quarter worth about $37,000. Global Assets Advisory LLC purchased a new stake in shares of Fidelity Blue Chip Value ETF during the 1st quarter valued at about $266,000. Bank of America Corp DE purchased a new stake in shares of Fidelity Blue Chip Value ETF during the 1st quarter valued at about $355,000. CoreCap Advisors LLC lifted its stake in shares of Fidelity Blue Chip Value ETF by 23.1% in the 2nd quarter. CoreCap Advisors LLC now owns 12,189 shares of the company’s stock worth $485,000 after purchasing an additional 2,288 shares during the period. Finally, Florida Financial Advisors LLC boosted its holdings in shares of Fidelity Blue Chip Value ETF by 56.4% in the first quarter. Florida Financial Advisors LLC now owns 13,794 shares of the company’s stock worth $496,000 after buying an additional 4,974 shares during the last quarter.

About Fidelity Blue Chip Value ETF

The Fidelity Blue Chip Value ETF (FBCV) is an exchange-traded fund that is based on the Russell 1000 Value index. The fund is an actively-managed, non-transparent fund of fundamentally-selected large-cap global value stocks. The fund utilizes the Fidelity non-transparent model. FBCV was launched on Jun 3, 2020 and is managed by Fidelity.