Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Sees Large Increase in Short Interest

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) was the target of a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 17,672 shares, an increase of 272.7% from the January 15th total of 4,741 shares. Based on an average daily trading volume, of 59,874 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company’s stock are short sold. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 59,874 shares, the days-to-cover ratio is currently 0.3 days.

Fidelity Low Volatility Factor ETF Stock Performance

Fidelity Low Volatility Factor ETF stock traded up $0.03 during mid-day trading on Wednesday, reaching $68.36. The stock had a trading volume of 48,251 shares, compared to its average volume of 69,970. The stock’s 50-day simple moving average is $67.45 and its 200-day simple moving average is $66.06. Fidelity Low Volatility Factor ETF has a fifty-two week low of $53.59 and a fifty-two week high of $68.71. The firm has a market capitalization of $1.48 billion, a PE ratio of 24.34 and a beta of 0.80.

Institutional Investors Weigh In On Fidelity Low Volatility Factor ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in shares of Fidelity Low Volatility Factor ETF by 104.7% in the first quarter. Royal Bank of Canada now owns 109,915 shares of the company’s stock worth $6,663,000 after purchasing an additional 56,230 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Fidelity Low Volatility Factor ETF by 1,088.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 74,421 shares of the company’s stock worth $4,511,000 after buying an additional 68,157 shares in the last quarter. Empowered Funds LLC bought a new position in shares of Fidelity Low Volatility Factor ETF in the 1st quarter worth $523,000. Jane Street Group LLC purchased a new stake in shares of Fidelity Low Volatility Factor ETF during the 1st quarter valued at $869,000. Finally, IFP Advisors Inc lifted its holdings in shares of Fidelity Low Volatility Factor ETF by 14.4% during the 2nd quarter. IFP Advisors Inc now owns 3,511 shares of the company’s stock worth $220,000 after acquiring an additional 443 shares during the last quarter.

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.