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

Fidelity Value Factor ETF (NYSEARCA:FVAL) was the target of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 35,627 shares, a decline of 39.8% from the June 30th total of 59,154 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 23,447 shares, the days-to-cover ratio is currently 1.5 days.

Institutional Trading of Fidelity Value Factor ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada increased its holdings in shares of Fidelity Value Factor ETF by 0.5% during the first quarter. Royal Bank of Canada now owns 165,041 shares of the company’s stock worth $9,835,000 after purchasing an additional 843 shares during the period. Goldman Sachs Group Inc. acquired a new stake in Fidelity Value Factor ETF during the first quarter worth approximately $1,656,000. NewEdge Advisors LLC increased its stake in Fidelity Value Factor ETF by 6.9% during the 2nd quarter. NewEdge Advisors LLC now owns 7,775 shares of the company’s stock worth $497,000 after acquiring an additional 501 shares during the period. Quantinno Capital Management LP bought a new position in Fidelity Value Factor ETF during the 2nd quarter worth $340,000. Finally, Darwin Wealth Management LLC acquired a new position in Fidelity Value Factor ETF in the 2nd quarter valued at $1,074,000.

Fidelity Value Factor ETF Trading Up 0.8%

FVAL stock traded up $0.64 during trading hours on Thursday, hitting $80.01. 57,003 shares of the stock were exchanged, compared to its average volume of 44,329. The firm has a market capitalization of $1.30 billion, a P/E ratio of 19.06 and a beta of 0.95. The company has a 50-day simple moving average of $78.83 and a two-hundred day simple moving average of $75.21. Fidelity Value Factor ETF has a 12 month low of $63.43 and a 12 month high of $80.69.

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.