Short Interest in Fidelity Value Factor ETF (NYSEARCA:FVAL) Decreases By 57.0%

Fidelity Value Factor ETF (NYSEARCA:FVAL) was the recipient of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 25,213 shares, a drop of 57.0% from the July 30th total of 58,571 shares. Based on an average trading volume of 47,851 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the shares of the company are sold short.

Fidelity Value Factor ETF Stock Down 0.2%

FVAL stock traded down $0.13 during trading on Friday, reaching $82.67. 25,891 shares of the company’s stock were exchanged, compared to its average volume of 45,483. Fidelity Value Factor ETF has a 1-year low of $66.34 and a 1-year high of $83.57. The company’s fifty day moving average price is $80.41 and its 200-day moving average price is $76.58. The firm has a market cap of $1.36 billion, a PE ratio of 19.06 and a beta of 0.95.

Institutional Investors Weigh In On Fidelity Value Factor ETF

A number of hedge funds and other institutional investors have recently modified their holdings of FVAL. Beacon Advisors Holdings LLC acquired a new stake in Fidelity Value Factor ETF in the fourth quarter worth about $13,819,000. Northwestern Mutual Wealth Management Co. increased its stake in Fidelity Value Factor ETF by 3,648.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 113,362 shares of the company’s stock valued at $8,193,000 after buying an additional 110,338 shares during the period. Empowered Funds LLC bought a new stake in shares of Fidelity Value Factor ETF during the 4th quarter worth about $5,147,000. Bank of America Corp DE raised its position in shares of Fidelity Value Factor ETF by 30.3% during the 3rd quarter. Bank of America Corp DE now owns 183,623 shares of the company’s stock worth $12,646,000 after buying an additional 42,691 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its stake in shares of Fidelity Value Factor ETF by 12.3% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 331,727 shares of the company’s stock worth $25,853,000 after acquiring an additional 36,428 shares during the period.

About Fidelity Value Factor ETF

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.