Fidelity International Value Factor ETF (NYSEARCA:FIVA) Short Interest Down 49.2% in August

Fidelity International Value Factor ETF (NYSEARCA:FIVA) saw a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 82,008 shares, a decrease of 49.2% from the July 30th total of 161,510 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily volume of 109,532 shares, the short-interest ratio is currently 0.7 days.

Fidelity International Value Factor ETF Trading Down 0.5%

Shares of FIVA traded down $0.19 during trading hours on Friday, reaching $39.81. 79,748 shares of the stock traded hands, compared to its average volume of 140,359. Fidelity International Value Factor ETF has a 52 week low of $30.32 and a 52 week high of $40.39. The company has a market cap of $597.15 million, a price-to-earnings ratio of 11.15 and a beta of 0.71. The stock has a fifty day simple moving average of $39.13 and a 200 day simple moving average of $37.65.

Hedge Funds Weigh In On Fidelity International Value Factor ETF

Several hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in shares of Fidelity International Value Factor ETF by 36.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 45,697 shares of the company’s stock worth $1,341,000 after buying an additional 12,289 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Fidelity International Value Factor ETF by 32.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,019 shares of the company’s stock worth $147,000 after purchasing an additional 1,231 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Fidelity International Value Factor ETF during the 2nd quarter valued at $205,000. Bank of America Corp DE raised its stake in Fidelity International Value Factor ETF by 1.6% in the 2nd quarter. Bank of America Corp DE now owns 26,382 shares of the company’s stock valued at $774,000 after acquiring an additional 411 shares during the period. Finally, Benjamin Edwards Inc. bought a new stake in shares of Fidelity International Value Factor ETF in the second quarter valued at approximately $311,000.

About Fidelity International Value Factor ETF

The Fidelity International Value Factor ETF (FIVA) is an exchange-traded fund that is based on the Fidelity International Value Factor index. The fund tracks a multi-factor index of large- and mid-cap value stocks from developed markets, ex-US. FIVA was launched on Jan 16, 2018 and is managed by Fidelity.