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

Fidelity Value Factor ETF (NYSEARCA:FVAL) was the target of a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 4,753 shares, a decrease of 34.4% from the February 26th total of 7,243 shares. Based on an average daily volume of 67,899 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Institutional Investors Weigh In On Fidelity Value Factor ETF

Several large investors have recently added to or reduced their stakes in FVAL. Merit Financial Group LLC bought a new stake in shares of Fidelity Value Factor ETF during the 3rd quarter valued at $27,668,000. Thrivent Financial for Lutherans boosted its stake in Fidelity Value Factor ETF by 1,449.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 417,772 shares of the company’s stock worth $28,772,000 after purchasing an additional 390,802 shares during the period. Beacon Advisors Holdings LLC bought a new position in Fidelity Value Factor ETF in the 4th quarter worth about $13,819,000. MAI Capital Management grew its holdings in Fidelity Value Factor ETF by 98.9% during the 3rd quarter. MAI Capital Management now owns 299,051 shares of the company’s stock valued at $20,596,000 after buying an additional 148,716 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings 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 in the last quarter.

Fidelity Value Factor ETF Price Performance

NYSEARCA:FVAL opened at $67.51 on Friday. The company has a market capitalization of $1.05 billion, a P/E ratio of 19.06 and a beta of 0.97. The business has a fifty day simple moving average of $72.40 and a two-hundred day simple moving average of $71.24. Fidelity Value Factor ETF has a 1 year low of $51.58 and a 1 year high of $74.64.

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.