Fidelity Value Factor ETF (NYSEARCA:FVAL – Get Free Report) was the recipient of a significant growth in short interest in April. As of April 15th, there was short interest totaling 27,011 shares, a growth of 551.0% from the March 31st total of 4,149 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 51,148 shares, the short-interest ratio is currently 0.5 days.
Fidelity Value Factor ETF Price Performance
NYSEARCA FVAL opened at $75.13 on Friday. Fidelity Value Factor ETF has a 1-year low of $56.94 and a 1-year high of $75.29. The company has a market capitalization of $1.19 billion, a P/E ratio of 19.06 and a beta of 0.95. The business has a 50 day moving average price of $71.92 and a 200 day moving average price of $71.74.
Institutional Trading of Fidelity Value Factor ETF
Hedge funds have recently bought and sold shares of the company. Royal Bank of Canada increased its stake in shares of Fidelity Value Factor ETF by 0.5% in the first quarter. Royal Bank of Canada now owns 165,041 shares of the company’s stock valued at $9,835,000 after purchasing an additional 843 shares during the period. Goldman Sachs Group Inc. bought a new stake in Fidelity Value Factor ETF during the 1st quarter valued at $1,656,000. NewEdge Advisors LLC boosted its position in Fidelity Value Factor ETF by 6.9% during the 2nd quarter. NewEdge Advisors LLC now owns 7,775 shares of the company’s stock worth $497,000 after acquiring an additional 501 shares during the period. Quantinno Capital Management LP bought a new position in shares of Fidelity Value Factor ETF in the second quarter worth $340,000. Finally, Darwin Wealth Management LLC acquired a new stake in Fidelity Value Factor ETF in the second quarter worth approximately $1,074,000.
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.
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