Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Stock Short Interest Jumps 352.9%

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) was the recipient of a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 84,865 shares, a growth of 352.9% from the October 15th total of 18,738 shares. Based on an average daily volume of 111,087 shares, the short-interest ratio is presently 0.8 days. Approximately 0.4% of the company’s shares are short sold.

Institutional Investors Weigh In On Fidelity Low Volatility Factor ETF

A number of institutional investors have recently added to or reduced their stakes in FDLO. IFP Advisors Inc raised its stake in shares of 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 valued at $235,000 after purchasing an additional 143 shares during the period. IFG Advisory LLC boosted its stake in shares of Fidelity Low Volatility Factor ETF by 211.9% in the third quarter. IFG Advisory LLC now owns 368 shares of the company’s stock valued at $26,000 after purchasing an additional 250 shares during the period. Fifth Third Bancorp boosted its stake in shares of Fidelity Low Volatility Factor ETF by 149.2% in the first quarter. Fifth Third Bancorp now owns 658 shares of the company’s stock valued at $42,000 after purchasing an additional 394 shares during the period. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Fidelity Low Volatility Factor ETF by 2.7% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 15,281 shares of the company’s stock valued at $1,044,000 after purchasing an additional 402 shares during the period. Finally, Roxbury Financial LLC boosted 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 valued at $1,041,000 after purchasing an additional 493 shares during the period.

Fidelity Low Volatility Factor ETF Price Performance

NYSEARCA:FDLO traded down $0.07 during trading hours on Friday, reaching $76.08. 93,321 shares of the company were exchanged, compared to its average volume of 68,756. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of 24.86 and a beta of 0.74. The stock has a 50 day simple moving average of $72.97 and a 200 day simple moving average of $70.00. Fidelity Low Volatility Factor ETF has a 52-week low of $63.36 and a 52-week high of $76.69.

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.