Fidelity Value Factor ETF (NYSEARCA:FVAL) Shares Shorted: Short Interest Down 42.4% in September

Fidelity Value Factor ETF (NYSEARCA:FVAL) was the target of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 46,108 shares, a drop of 42.4% from the August 31st total of 80,114 shares. Based on an average daily trading volume, of 31,393 shares, the short-interest ratio is currently 1.5 days. Approximately 0.3% of the company’s shares are sold short.

Institutional Investors Weigh In On Fidelity Value Factor ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Envestnet Asset Management Inc. lifted its stake in Fidelity Value Factor ETF by 4.3% in the second quarter. Envestnet Asset Management Inc. now owns 1,772,697 shares of the company’s stock valued at $138,154,000 after buying an additional 72,480 shares during the period. Dynamic Advisor Solutions LLC grew its position in shares of Fidelity Value Factor ETF by 12.3% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 331,727 shares of the company’s stock worth $25,853,000 after buying an additional 36,428 shares during the period. Royal Bank of Canada increased its stake in shares of Fidelity Value Factor ETF by 0.3% in the 1st quarter. Royal Bank of Canada now owns 301,376 shares of the company’s stock valued at $20,915,000 after acquiring an additional 757 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Fidelity Value Factor ETF by 9.5% during the 1st quarter. Cetera Investment Advisers now owns 281,544 shares of the company’s stock valued at $19,539,000 after acquiring an additional 24,376 shares during the period. Finally, Beacon Advisors Holdings LLC acquired a new position in shares of Fidelity Value Factor ETF during the 4th quarter valued at $13,819,000.

Fidelity Value Factor ETF Stock Up 0.8%

FVAL traded up $0.67 during trading on Friday, reaching $81.75. 3,392 shares of the stock traded hands, compared to its average volume of 44,343. The stock has a market capitalization of $1.37 billion, a PE ratio of 19.06 and a beta of 0.95. The stock’s 50-day moving average is $82.04 and its 200 day moving average is $78.16. Fidelity Value Factor ETF has a 12 month low of $67.20 and a 12 month high of $83.71.

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.