Fidelity Value Factor ETF (NYSEARCA:FVAL) Sees Large Increase in Short Interest

Fidelity Value Factor ETF (NYSEARCA:FVAL) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totaling 32,882 shares, an increase of 263.4% from the September 30th total of 9,048 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 34,234 shares, the short-interest ratio is presently 1.0 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. boosted its holdings in Fidelity Value Factor ETF by 4.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,772,697 shares of the company’s stock worth $138,154,000 after buying an additional 72,480 shares during the last quarter. Dynamic Advisor Solutions LLC increased its stake in Fidelity Value Factor ETF by 12.3% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 331,727 shares of the company’s stock worth $25,853,000 after buying an additional 36,428 shares in the last quarter. Royal Bank of Canada increased its stake in Fidelity Value Factor ETF by 0.3% during the 1st quarter. Royal Bank of Canada now owns 301,376 shares of the company’s stock worth $20,915,000 after buying an additional 757 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of Fidelity Value Factor ETF by 9.5% during the first quarter. Cetera Investment Advisers now owns 281,544 shares of the company’s stock valued at $19,539,000 after acquiring an additional 24,376 shares during the last quarter. Finally, Beacon Advisors Holdings LLC raised its holdings in shares of Fidelity Value Factor ETF by 0.9% during the third quarter. Beacon Advisors Holdings LLC now owns 184,928 shares of the company’s stock valued at $14,935,000 after acquiring an additional 1,719 shares during the last quarter.

Fidelity Value Factor ETF Stock Up 0.0%

Shares of NYSEARCA FVAL traded up $0.02 during trading on Wednesday, hitting $82.85. The company had a trading volume of 54,659 shares, compared to its average volume of 43,974. The stock has a fifty day simple moving average of $82.23 and a two-hundred day simple moving average of $77.47. Fidelity Value Factor ETF has a fifty-two week low of $67.20 and a fifty-two week high of $83.71. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 19.06 and a beta of 0.95.

Fidelity Value Factor ETF Company Profile

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.