Short Interest in Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Drops By 66.4%

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) was the recipient of a large drop in short interest in July. As of July 15th, there was short interest totaling 5,604 shares, a drop of 66.4% from the June 30th total of 16,657 shares. Based on an average trading volume of 38,063 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Fidelity Low Volatility Factor ETF Price Performance

FDLO stock traded up $1.00 during mid-day trading on Tuesday, hitting $71.61. 46,375 shares of the stock were exchanged, compared to its average volume of 65,731. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 24.34 and a beta of 0.77. The business has a fifty day moving average price of $69.49 and a 200 day moving average price of $68.15. Fidelity Low Volatility Factor ETF has a 12 month low of $62.23 and a 12 month high of $71.81.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Maseco LLP bought a new position in Fidelity Low Volatility Factor ETF during the 4th quarter valued at approximately $25,000. Allworth Financial LP increased its position in shares of Fidelity Low Volatility Factor ETF by 460.8% during the third quarter. Allworth Financial LP now owns 415 shares of the company’s stock valued at $27,000 after buying an additional 341 shares during the period. Legacy Wealth Managment LLC ID purchased a new position in shares of Fidelity Low Volatility Factor ETF during the fourth quarter valued at about $31,000. Ankerstar Wealth LLC bought a new position in Fidelity Low Volatility Factor ETF in the fourth quarter worth about $32,000. Finally, CoreCap Advisors LLC bought a new position in Fidelity Low Volatility Factor ETF in the second quarter worth about $40,000.

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.