Short Interest in Fidelity Blue Chip Value ETF (BATS:FBCV) Grows By 1,117.3%

Fidelity Blue Chip Value ETF (BATS:FBCV) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 20,949 shares, a growth of 1,117.3% from the June 15th total of 1,721 shares. Based on an average daily volume of 10,110 shares, the days-to-cover ratio is currently 2.1 days. Approximately 0.5% of the company’s stock are short sold.

Institutional Investors Weigh In On Fidelity Blue Chip Value ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada lifted its stake in Fidelity Blue Chip Value ETF by 4,045.7% in the 1st quarter. Royal Bank of Canada now owns 19,070 shares of the company’s stock valued at $610,000 after acquiring an additional 18,610 shares in the last quarter. Cetera Investment Advisers acquired a new stake in shares of Fidelity Blue Chip Value ETF in the second quarter valued at approximately $294,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Fidelity Blue Chip Value ETF by 145.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 885 shares of the company’s stock worth $29,000 after purchasing an additional 524 shares in the last quarter. Osaic Holdings Inc. lifted its position in shares of Fidelity Blue Chip Value ETF by 151.3% in the second quarter. Osaic Holdings Inc. now owns 2,759 shares of the company’s stock worth $90,000 after purchasing an additional 1,661 shares in the last quarter. Finally, Orion Porfolio Solutions LLC lifted its position in shares of Fidelity Blue Chip Value ETF by 53.2% in the third quarter. Orion Porfolio Solutions LLC now owns 10,603 shares of the company’s stock worth $361,000 after purchasing an additional 3,682 shares in the last quarter.

Fidelity Blue Chip Value ETF Trading Up 0.4%

Shares of Fidelity Blue Chip Value ETF stock traded up $0.18 during trading on Friday, reaching $40.42. The stock had a trading volume of 7,704 shares, compared to its average volume of 28,980. The company has a market capitalization of $158.85 million, a price-to-earnings ratio of 16.12 and a beta of 0.74. The stock has a fifty day moving average price of $39.18 and a two-hundred day moving average price of $37.66. Fidelity Blue Chip Value ETF has a 52 week low of $32.12 and a 52 week high of $40.79.

Fidelity Blue Chip Value ETF Company Profile

The Fidelity Blue Chip Value ETF (FBCV) is an exchange-traded fund that is based on the Russell 1000 Value index. The fund is an actively-managed, non-transparent fund of fundamentally-selected large-cap global value stocks. The fund utilizes the Fidelity non-transparent model. FBCV was launched on Jun 3, 2020 and is managed by Fidelity.