Fidelity Blue Chip Value ETF (BATS:FBCV) Sees Large Decline in Short Interest

Fidelity Blue Chip Value ETF (BATS:FBCV) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 2,827 shares, a drop of 72.3% from the September 15th total of 10,190 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 18,397 shares, the short-interest ratio is currently 0.2 days.

Fidelity Blue Chip Value ETF Price Performance

Shares of BATS:FBCV opened at $41.91 on Monday. The firm has a market cap of $164.71 million, a price-to-earnings ratio of 16.12 and a beta of 0.74. The company’s fifty day simple moving average is $42.35 and its 200 day simple moving average is $40.07. Fidelity Blue Chip Value ETF has a 12 month low of $33.41 and a 12 month high of $43.49.

Hedge Funds Weigh In On Fidelity Blue Chip Value ETF

Several hedge funds have recently modified their holdings of FBCV. Envestnet Asset Management Inc. lifted its holdings in Fidelity Blue Chip Value ETF by 73.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 52,729 shares of the company’s stock valued at $2,100,000 after purchasing an additional 22,353 shares during the last quarter. Armstrong Advisory Group Inc. acquired a new stake in shares of Fidelity Blue Chip Value ETF during the third quarter valued at about $119,000. CoreCap Advisors LLC lifted its holdings in Fidelity Blue Chip Value ETF by 12.9% during the 3rd quarter. CoreCap Advisors LLC now owns 13,757 shares of the company’s stock worth $567,000 after buying an additional 1,568 shares during the period. Bank of America Corp DE acquired a new stake in Fidelity Blue Chip Value ETF during the 1st quarter worth about $355,000. Finally, Sunbelt Securities Inc. boosted its stake in Fidelity Blue Chip Value ETF by 143.5% during the first quarter. Sunbelt Securities Inc. now owns 16,471 shares of the company’s stock worth $593,000 after acquiring an additional 9,707 shares in the last quarter.

Fidelity Blue Chip Value ETF Company Profile

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.