Fidelity Blue Chip Value ETF (BATS:FBCV) Sees Significant Increase in Short Interest

Fidelity Blue Chip Value ETF (BATS:FBCV) was the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totaling 12,842 shares, a growth of 107.1% from the April 15th total of 6,200 shares. Based on an average daily volume of 14,835 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.3% of the shares of the stock are sold short.

Institutional Trading of Fidelity Blue Chip Value ETF

A number of hedge funds have recently bought and sold shares of FBCV. Northwestern Mutual Wealth Management Co. grew its position in shares of Fidelity Blue Chip Value ETF by 145.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 885 shares of the company’s stock valued at $29,000 after purchasing an additional 524 shares in the last quarter. Elyxium Wealth LLC acquired a new position in Fidelity Blue Chip Value ETF during the fourth quarter worth $30,000. Global Trust Asset Management LLC acquired a new position in Fidelity Blue Chip Value ETF during the first quarter worth $37,000. Osaic Holdings Inc. grew its holdings in Fidelity Blue Chip Value ETF by 151.3% in the 2nd quarter. Osaic Holdings Inc. now owns 2,759 shares of the company’s stock valued at $90,000 after buying an additional 1,661 shares in the last quarter. Finally, Sunbelt Securities Inc. grew its holdings in Fidelity Blue Chip Value ETF by 18.6% in the 4th quarter. Sunbelt Securities Inc. now owns 6,764 shares of the company’s stock valued at $241,000 after buying an additional 1,059 shares in the last quarter.

Fidelity Blue Chip Value ETF Stock Down 0.5%

Shares of Fidelity Blue Chip Value ETF stock traded down $0.19 during trading hours on Monday, reaching $38.50. 1,427 shares of the company’s stock were exchanged, compared to its average volume of 37,026. The business has a fifty day moving average of $37.08 and a two-hundred day moving average of $36.51. The company has a market capitalization of $151.31 million, a P/E ratio of 16.12 and a beta of 0.74. Fidelity Blue Chip Value ETF has a 1 year low of $31.60 and a 1 year high of $38.84.

About Fidelity Blue Chip Value ETF

The Fidelity Blue Chip Value ETF (FBCV) is an exchange-traded fund that is based on the Russell 1000 Value index. The fund is an actively-managed, non-transparent fund of fundamentally-selected large-cap global value stocks. The fund utilizes the Fidelity non-transparent model. FBCV was launched on Jun 3, 2020 and is managed by Fidelity.