Short Interest in Fidelity International Value Factor ETF (NYSEARCA:FIVA) Drops By 72.5%

Fidelity International Value Factor ETF (NYSEARCA:FIVA) saw a large decline in short interest in January. As of January 15th, there was short interest totaling 73,561 shares, a decline of 72.5% from the December 31st total of 267,091 shares. Based on an average daily volume of 213,073 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.6% of the shares of the company are short sold. Currently, 0.6% of the shares of the company are short sold. Based on an average daily volume of 213,073 shares, the days-to-cover ratio is presently 0.3 days.

Fidelity International Value Factor ETF Price Performance

Shares of FIVA stock traded down $0.50 during trading hours on Friday, reaching $36.49. 198,549 shares of the company’s stock were exchanged, compared to its average volume of 236,002. The company’s 50 day moving average is $34.39 and its two-hundred day moving average is $32.17. The company has a market cap of $456.13 million, a P/E ratio of 11.15 and a beta of 0.81. Fidelity International Value Factor ETF has a 1 year low of $23.44 and a 1 year high of $37.19.

Institutional Investors Weigh In On Fidelity International Value Factor ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of FIVA. Cadent Capital Advisors LLC grew its stake in shares of Fidelity International Value Factor ETF by 0.4% during the 4th quarter. Cadent Capital Advisors LLC now owns 69,162 shares of the company’s stock worth $2,367,000 after purchasing an additional 300 shares during the period. Bank of America Corp DE boosted its holdings in Fidelity International Value Factor ETF by 1.6% during the second quarter. Bank of America Corp DE now owns 26,382 shares of the company’s stock worth $774,000 after buying an additional 411 shares in the last quarter. Koshinski Asset Management Inc. grew its position in Fidelity International Value Factor ETF by 8.6% during the second quarter. Koshinski Asset Management Inc. now owns 11,138 shares of the company’s stock worth $327,000 after buying an additional 878 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in Fidelity International Value Factor ETF by 32.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,019 shares of the company’s stock valued at $147,000 after buying an additional 1,231 shares in the last quarter. Finally, OmniStar Financial Group Inc. lifted its position in shares of Fidelity International Value Factor ETF by 4.0% during the 3rd quarter. OmniStar Financial Group Inc. now owns 36,923 shares of the company’s stock valued at $1,155,000 after acquiring an additional 1,433 shares during the period.

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.