Fidelity Blue Chip Value ETF (BATS:FBCV) Stock Short Interest Report for October

Fidelity Blue Chip Value ETF (BATS:FBCV) was the target of a significant drop in short interest in the month of October. As of October 30th, there was short interest totaling 5,510 shares, a drop of 68.8% from the October 15th total of 17,645 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 18,217 shares, the days-to-cover ratio is presently 0.3 days.

Fidelity Blue Chip Value ETF Stock Up 0.8%

Shares of BATS FBCV traded up $0.33 during midday trading on Friday, reaching $44.32. 8,115 shares of the company’s stock traded hands, compared to its average volume of 25,206. Fidelity Blue Chip Value ETF has a one year low of $34.16 and a one year high of $45.34. The stock’s 50 day simple moving average is $42.70 and its 200-day simple moving average is $39.96. The company has a market cap of $205.20 million, a price-to-earnings ratio of 18.05 and a beta of 0.66.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Commonwealth Equity Services LLC purchased a new position in Fidelity Blue Chip Value ETF during the 3rd quarter worth approximately $17,645,000. AdvisorNet Financial Inc purchased a new position in shares of Fidelity Blue Chip Value ETF in the 3rd quarter valued at about $1,559,000. Envestnet Asset Management Inc. raised its position in shares of 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 worth $2,100,000 after purchasing an additional 22,353 shares during the last quarter. Fifth Third Securities Inc. acquired a new stake in shares of Fidelity Blue Chip Value ETF in the third quarter worth approximately $585,000. Finally, HighTower Advisors LLC purchased a new stake in shares of Fidelity Blue Chip Value ETF during the third quarter worth $504,000.

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.