Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Sees Significant Growth in Short Interest

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) saw a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 2,471 shares, a growth of 81.4% from the July 30th total of 1,362 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 52,974 shares, the short-interest ratio is currently 0.0 days.

Fidelity Low Volatility Factor ETF Stock Performance

Shares of FDLO traded up $0.30 during mid-day trading on Friday, hitting $73.10. 40,584 shares of the company were exchanged, compared to its average volume of 63,727. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 24.34 and a beta of 0.76. Fidelity Low Volatility Factor ETF has a 1-year low of $63.36 and a 1-year high of $73.64. The company has a 50 day moving average of $70.98 and a 200-day moving average of $68.96.

Hedge Funds Weigh In On Fidelity Low Volatility Factor ETF

Several hedge funds and other institutional investors have recently modified their holdings of FDLO. Allworth Financial LP boosted its stake in 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 buying an additional 341 shares during the last quarter. Legacy Wealth Managment LLC ID acquired a new stake in shares of Fidelity Low Volatility Factor ETF during the fourth quarter valued at about $31,000. Ankerstar Wealth LLC acquired a new stake in shares of Fidelity Low Volatility Factor ETF during the fourth quarter valued at about $32,000. CoreCap Advisors LLC purchased a new stake in shares of Fidelity Low Volatility Factor ETF in the 2nd quarter valued at approximately $40,000. Finally, Fifth Third Bancorp raised its stake in shares of Fidelity Low Volatility Factor ETF by 149.2% in the 1st quarter. Fifth Third Bancorp now owns 658 shares of the company’s stock valued at $42,000 after acquiring an additional 394 shares during the period.

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.