Short Interest in Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Decreases By 75.7%

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 1,362 shares, a decline of 75.7% from the July 15th total of 5,604 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 62,276 shares, the days-to-cover ratio is presently 0.0 days.

Fidelity Low Volatility Factor ETF Trading Down 0.4%

Shares of FDLO stock traded down $0.27 on Friday, reaching $72.86. The company had a trading volume of 27,975 shares, compared to its average volume of 65,673. The stock has a market cap of $1.45 billion, a PE ratio of 24.34 and a beta of 0.76. The company has a 50-day moving average of $70.21 and a 200-day moving average of $68.64. Fidelity Low Volatility Factor ETF has a 12 month low of $63.36 and a 12 month high of $73.64.

Institutional Investors Weigh In On Fidelity Low Volatility Factor ETF

Hedge funds have recently bought and sold shares of the company. Allworth Financial LP boosted its position in shares of Fidelity Low Volatility Factor ETF by 460.8% during the third quarter. Allworth Financial LP now owns 415 shares of the company’s stock worth $27,000 after purchasing an additional 341 shares in the last quarter. Legacy Wealth Managment LLC ID bought a new stake in shares of Fidelity Low Volatility Factor ETF in the 4th quarter valued at $31,000. Ankerstar Wealth LLC acquired a new stake in Fidelity Low Volatility Factor ETF during the 4th quarter worth $32,000. CoreCap Advisors LLC bought a new position in Fidelity Low Volatility Factor ETF during the second quarter worth about $40,000. Finally, Fifth Third Bancorp lifted its holdings in Fidelity Low Volatility Factor ETF by 149.2% during the first quarter. Fifth Third Bancorp now owns 658 shares of the company’s stock worth $42,000 after acquiring an additional 394 shares in the last quarter.

Fidelity Low Volatility Factor ETF Company Profile

The Fidelity Low Volatility Factor ETF (FDLO) is an exchange-traded fund that is based on the Fidelity U.S. Low Volatility Factor index. The fund tracks an index of large- and mid-cap US stocks selected for low volatility of returns and earnings. FDLO was launched on Sep 12, 2016 and is managed by Fidelity.