Fidelity U.S. Multifactor ETF (NYSEARCA:FLRG) Short Interest Down 33.2% in January

Fidelity U.S. Multifactor ETF (NYSEARCA:FLRG) saw a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 21,357 shares, a drop of 33.2% from the December 31st total of 31,976 shares. Based on an average trading volume of 27,789 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.3% of the company’s shares are short sold. Currently, 0.3% of the company’s shares are short sold. Based on an average trading volume of 27,789 shares, the days-to-cover ratio is presently 0.8 days.

Hedge Funds Weigh In On Fidelity U.S. Multifactor ETF

Institutional investors have recently added to or reduced their stakes in the business. Evolution Wealth Management Inc. bought a new position in Fidelity U.S. Multifactor ETF in the 2nd quarter valued at about $45,000. Clarity Asset Management Inc. purchased a new stake in shares of Fidelity U.S. Multifactor ETF in the second quarter worth approximately $55,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Fidelity U.S. Multifactor ETF in the second quarter valued at approximately $180,000. Silver Oak Securities Incorporated purchased a new position in shares of Fidelity U.S. Multifactor ETF during the third quarter valued at approximately $214,000. Finally, Williams & Novak LLC purchased a new position in shares of Fidelity U.S. Multifactor ETF during the second quarter valued at approximately $224,000.

Fidelity U.S. Multifactor ETF Trading Down 0.5%

FLRG stock traded down $0.18 during trading on Friday, hitting $38.65. The company had a trading volume of 34,023 shares, compared to its average volume of 24,116. The stock has a market cap of $278.28 million, a PE ratio of 20.13 and a beta of 0.87. Fidelity U.S. Multifactor ETF has a one year low of $28.97 and a one year high of $38.97. The business has a 50-day moving average of $38.30 and a 200-day moving average of $37.74.

About Fidelity U.S. Multifactor ETF

The Fidelity U.S. Multifactor ETF (FLRG) is an exchange-traded fund that is based on the Fidelity U.S. Multifactor index. The fund tracks an index large-cap US stocks selected by four factors – value, quality, low volatility, and momentum. FLRG was launched on Sep 15, 2020 and is managed by Fidelity.