Fidelity Value Factor ETF (NYSEARCA:FVAL) Short Interest Update

Fidelity Value Factor ETF (NYSEARCA:FVAL) was the recipient of a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 7,243 shares, a decline of 68.9% from the February 12th total of 23,313 shares. Based on an average daily volume of 40,842 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are short sold. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 40,842 shares, the days-to-cover ratio is currently 0.2 days.

Fidelity Value Factor ETF Trading Down 0.5%

Shares of Fidelity Value Factor ETF stock traded down $0.34 during mid-day trading on Wednesday, hitting $71.56. 9,327 shares of the stock were exchanged, compared to its average volume of 49,983. The company has a 50-day simple moving average of $73.26 and a 200 day simple moving average of $71.06. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 19.06 and a beta of 0.97. Fidelity Value Factor ETF has a twelve month low of $51.58 and a twelve month high of $74.64.

Institutional Investors Weigh In On Fidelity Value Factor ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in FVAL. Greenline Wealth Management LLC acquired a new position in Fidelity Value Factor ETF during the fourth quarter worth approximately $32,000. Wells Fargo & Company MN lifted its position in Fidelity Value Factor ETF by 516.4% during the fourth quarter. Wells Fargo & Company MN now owns 450 shares of the company’s stock valued at $33,000 after buying an additional 377 shares in the last quarter. Harbor Asset Planning Inc. purchased a new stake in Fidelity Value Factor ETF during the fourth quarter worth approximately $39,000. Woodard & Co. Asset Management Group Inc. ADV increased its position in shares of Fidelity Value Factor ETF by 709.0% in the fourth quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 542 shares of the company’s stock worth $39,000 after acquiring an additional 475 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Fidelity Value Factor ETF in the second quarter worth $65,000.

Fidelity Value Factor ETF Company Profile

The Fidelity Value Factor ETF (FVAL) is an exchange-traded fund that is based on the Fidelity U.S. Value Factor index. The fund follows a fundamentally selected, tier-weighted index of large-cap US stocks. FVAL was launched on Sep 12, 2016 and is managed by Fidelity.