Short Interest in Fidelity Fundamental Large Cap Value ETF (BATS:FFLV) Decreases By 55.5%

Fidelity Fundamental Large Cap Value ETF (BATS:FFLV) was the target of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 9,126 shares, a decrease of 55.5% from the July 30th total of 20,520 shares. Currently, 1.9% of the shares of the company are sold short. Based on an average daily volume of 5,156 shares, the days-to-cover ratio is presently 1.8 days.

Institutional Investors Weigh In On Fidelity Fundamental Large Cap Value ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of FFLV. Osaic Holdings Inc. raised its stake in shares of Fidelity Fundamental Large Cap Value ETF by 208.3% during the 2nd quarter. Osaic Holdings Inc. now owns 2,775 shares of the company’s stock valued at $61,000 after purchasing an additional 1,875 shares during the period. Kestra Advisory Services LLC purchased a new stake in shares of Fidelity Fundamental Large Cap Value ETF in the fourth quarter worth $65,000. Finally, Citadel Advisors LLC raised its position in shares of Fidelity Fundamental Large Cap Value ETF by 144.3% in the third quarter. Citadel Advisors LLC now owns 31,151 shares of the company’s stock worth $721,000 after buying an additional 18,400 shares in the last quarter.

Fidelity Fundamental Large Cap Value ETF Stock Up 0.2%

Shares of BATS:FFLV opened at $29.09 on Friday. The firm has a market capitalization of $13.82 million, a PE ratio of 16.54 and a beta of 0.60. The company has a 50-day moving average price of $28.43 and a two-hundred day moving average price of $26.96. Fidelity Fundamental Large Cap Value ETF has a twelve month low of $22.64 and a twelve month high of $29.32.

About Fidelity Fundamental Large Cap Value ETF

The Fidelity Fundamental Large Cap Value ETF (FFLV) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund that provides exposure to large-cap value stocks from around the world. The fund selects equity securities based on fundamental research and analysis. FFLV was launched on Feb 22, 2024 and is issued by Fidelity.