Fidelity U.S. Multifactor ETF (NYSEARCA:FLRG) Sees Significant Increase in Short Interest

Fidelity U.S. Multifactor ETF (NYSEARCA:FLRG) saw a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 27,876 shares, a growth of 30.5% from the January 15th total of 21,357 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average trading volume of 20,541 shares, the short-interest ratio is presently 1.4 days. Based on an average trading volume of 20,541 shares, the short-interest ratio is presently 1.4 days. Currently, 0.4% of the shares of the stock are sold short.

Institutional Trading of Fidelity U.S. Multifactor ETF

Large investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. raised its stake in Fidelity U.S. Multifactor ETF by 272.6% during the first quarter. Goldman Sachs Group Inc. now owns 48,565 shares of the company’s stock worth $1,611,000 after acquiring an additional 35,532 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Fidelity U.S. Multifactor ETF by 93.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 13,597 shares of the company’s stock worth $489,000 after purchasing an additional 6,569 shares during the last quarter. World Investment Advisors grew its holdings in shares of Fidelity U.S. Multifactor ETF by 10.8% in the 2nd quarter. World Investment Advisors now owns 34,925 shares of the company’s stock worth $1,255,000 after purchasing an additional 3,400 shares during the last quarter. AE Wealth Management LLC increased its position in shares of Fidelity U.S. Multifactor ETF by 16.1% during the 2nd quarter. AE Wealth Management LLC now owns 1,531,499 shares of the company’s stock worth $55,051,000 after purchasing an additional 212,159 shares in the last quarter. Finally, Cetera Investment Advisers lifted its holdings in Fidelity U.S. Multifactor ETF by 7.4% during the 2nd quarter. Cetera Investment Advisers now owns 48,318 shares of the company’s stock valued at $1,737,000 after purchasing an additional 3,326 shares during the last quarter.

Fidelity U.S. Multifactor ETF Trading Down 0.1%

NYSEARCA FLRG traded down $0.05 on Tuesday, reaching $38.08. The company’s stock had a trading volume of 6,033 shares, compared to its average volume of 21,608. Fidelity U.S. Multifactor ETF has a 52 week low of $28.97 and a 52 week high of $38.97. The firm has a market cap of $274.18 million, a PE ratio of 20.13 and a beta of 0.87. The business has a 50-day moving average price of $38.36 and a 200 day moving average price of $37.94.

About Fidelity U.S. Multifactor ETF

The Fidelity U.S. Multifactor ETF (FLRG) is an exchange-traded fund that is based on the Fidelity U.S. Multifactor index. The fund tracks an index large-cap US stocks selected by four factors – value, quality, low volatility, and momentum. FLRG was launched on Sep 15, 2020 and is managed by Fidelity.