Fidelity Value Factor ETF (NYSEARCA:FVAL) Short Interest Update

Fidelity Value Factor ETF (NYSEARCA:FVAL) was the recipient of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 23,313 shares, an increase of 45.0% from the January 29th total of 16,079 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 55,025 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 55,025 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in FVAL. Merit Financial Group LLC acquired a new stake in shares of Fidelity Value Factor ETF in the 3rd quarter valued at $27,668,000. Thrivent Financial for Lutherans raised its stake in Fidelity Value Factor ETF by 1,449.0% in the third quarter. Thrivent Financial for Lutherans now owns 417,772 shares of the company’s stock valued at $28,772,000 after buying an additional 390,802 shares in the last quarter. Beacon Advisors Holdings LLC acquired a new stake in Fidelity Value Factor ETF in the fourth quarter valued at $13,819,000. MAI Capital Management boosted its position in shares of Fidelity Value Factor ETF by 98.9% during the 3rd quarter. MAI Capital Management now owns 299,051 shares of the company’s stock worth $20,596,000 after acquiring an additional 148,716 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Fidelity Value Factor ETF by 3,648.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 113,362 shares of the company’s stock worth $8,193,000 after acquiring an additional 110,338 shares in the last quarter.

Fidelity Value Factor ETF Stock Performance

FVAL stock traded down $0.37 during mid-day trading on Tuesday, reaching $72.56. The company had a trading volume of 37,400 shares, compared to its average volume of 47,214. The firm has a fifty day simple moving average of $73.35 and a 200 day simple moving average of $70.82. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 19.06 and a beta of 0.97. Fidelity Value Factor ETF has a fifty-two week low of $51.58 and a fifty-two week high of $74.64.

About Fidelity Value Factor ETF

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.