Short Interest in Fidelity Value Factor ETF (NYSEARCA:FVAL) Expands By 64.4%

Fidelity Value Factor ETF (NYSEARCA:FVAL) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 58,571 shares, a growth of 64.4% from the July 15th total of 35,627 shares. Based on an average daily trading volume, of 62,956 shares, the short-interest ratio is presently 0.9 days. Approximately 0.4% of the shares of the stock are short sold.

Fidelity Value Factor ETF Stock Down 0.2%

Fidelity Value Factor ETF stock opened at $82.44 on Wednesday. Fidelity Value Factor ETF has a 52 week low of $65.78 and a 52 week high of $83.57. The business has a 50-day simple moving average of $79.71 and a 200 day simple moving average of $76.11. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 19.06 and a beta of 0.95.

Institutional Trading of Fidelity Value Factor ETF

A number of large investors have recently modified their holdings of FVAL. Integrated Wealth Concepts LLC boosted its holdings in shares of Fidelity Value Factor ETF by 4.8% during the third quarter. Integrated Wealth Concepts LLC now owns 3,396 shares of the company’s stock worth $234,000 after purchasing an additional 154 shares during the period. Cullen Frost Bankers Inc. increased its holdings in Fidelity Value Factor ETF by 3.2% during the 4th quarter. Cullen Frost Bankers Inc. now owns 8,872 shares of the company’s stock valued at $641,000 after purchasing an additional 273 shares during the period. Spectrum Investment Advisors Inc. increased its holdings in Fidelity Value Factor ETF by 1.8% during the 4th quarter. Spectrum Investment Advisors Inc. now owns 15,262 shares of the company’s stock valued at $1,103,000 after purchasing an additional 275 shares during the period. Foronjy Financial LLC raised its position in Fidelity Value Factor ETF by 9.9% during the 4th quarter. Foronjy Financial LLC now owns 3,596 shares of the company’s stock valued at $260,000 after purchasing an additional 324 shares during the last quarter. Finally, Allworth Financial LP raised its position in Fidelity Value Factor ETF by 3.3% during the 4th quarter. Allworth Financial LP now owns 10,628 shares of the company’s stock valued at $768,000 after purchasing an additional 335 shares during the last quarter.

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.