Fidelity Blue Chip Value ETF (BATS:FBCV) Shares Shorted: Short Interest Up 524.2% in October

Fidelity Blue Chip Value ETF (BATS:FBCV) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 17,645 shares, an increase of 524.2% from the September 30th total of 2,827 shares. Based on an average trading volume of 16,344 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.4% of the company’s stock are short sold.

Institutional Trading of Fidelity Blue Chip Value ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. AdvisorNet Financial Inc bought a new position in shares of Fidelity Blue Chip Value ETF during the 3rd quarter worth approximately $1,559,000. Envestnet Asset Management Inc. boosted its stake in shares of Fidelity Blue Chip Value ETF by 73.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 52,729 shares of the company’s stock worth $2,100,000 after buying an additional 22,353 shares during the last quarter. Fifth Third Securities Inc. purchased a new position in shares of Fidelity Blue Chip Value ETF in the 3rd quarter worth approximately $585,000. Bank of America Corp DE purchased a new position in shares of Fidelity Blue Chip Value ETF in the 1st quarter worth approximately $355,000. Finally, Sunbelt Securities Inc. grew its holdings in shares of Fidelity Blue Chip Value ETF by 143.5% in the first quarter. Sunbelt Securities Inc. now owns 16,471 shares of the company’s stock valued at $593,000 after acquiring an additional 9,707 shares in the last quarter.

Fidelity Blue Chip Value ETF Stock Performance

FBCV stock opened at $43.15 on Thursday. The company has a market capitalization of $169.58 million, a P/E ratio of 16.12 and a beta of 0.74. Fidelity Blue Chip Value ETF has a 52-week low of $34.16 and a 52-week high of $43.59. The business has a 50-day simple moving average of $42.45 and a two-hundred day simple moving average of $39.52.

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.