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

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 25,237 shares, an increase of 637.1% from the September 15th total of 3,424 shares. Based on an average trading volume of 59,562 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On Fidelity Low Volatility Factor ETF

A number of large investors have recently modified their holdings of FDLO. IFP Advisors Inc raised its stake in Fidelity Low Volatility Factor ETF by 4.3% during the second quarter. IFP Advisors Inc now owns 3,434 shares of the company’s stock worth $235,000 after acquiring an additional 143 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of Fidelity Low Volatility Factor ETF by 149.2% during the first 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 last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in Fidelity Low Volatility Factor ETF by 2.7% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 15,281 shares of the company’s stock worth $1,044,000 after buying an additional 402 shares during the period. Roxbury Financial LLC lifted its stake in shares of Fidelity Low Volatility Factor ETF by 3.3% in the second quarter. Roxbury Financial LLC now owns 15,230 shares of the company’s stock worth $1,041,000 after acquiring an additional 493 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of Fidelity Low Volatility Factor ETF by 9.0% in the 1st quarter. Bank of New York Mellon Corp now owns 6,861 shares of the company’s stock worth $443,000 after purchasing an additional 564 shares during the period.

Fidelity Low Volatility Factor ETF Stock Performance

Shares of NYSEARCA FDLO traded up $0.45 during trading hours on Friday, hitting $72.66. 79,994 shares of the stock were exchanged, compared to its average volume of 64,362. The company’s fifty day simple moving average is $72.22 and its two-hundred day simple moving average is $69.89. The company has a market cap of $1.43 billion, a PE 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.

About Fidelity Low Volatility Factor ETF

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.