Fidelity Blue Chip Value ETF (BATS:FBCV) Short Interest Up 107.1% in April

Fidelity Blue Chip Value ETF (BATS:FBCV) saw a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 12,842 shares, an increase of 107.1% from the April 15th total of 6,200 shares. Based on an average daily volume of 14,835 shares, the short-interest ratio is presently 0.9 days. Currently, 0.3% of the shares of the company are sold short.

Fidelity Blue Chip Value ETF Stock Down 0.8%

Shares of FBCV stock opened at $38.39 on Friday. The company has a 50 day moving average of $37.08 and a 200-day moving average of $36.50. Fidelity Blue Chip Value ETF has a 12-month low of $31.60 and a 12-month high of $38.84. The firm has a market cap of $150.87 million, a P/E ratio of 16.12 and a beta of 0.74.

Institutional Investors Weigh In On Fidelity Blue Chip Value ETF

Several large investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. increased its stake in shares of Fidelity Blue Chip Value ETF by 80,103.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 189,281 shares of the company’s stock worth $6,752,000 after purchasing an additional 189,045 shares during the last quarter. &PARTNERS increased its stake in shares of Fidelity Blue Chip Value ETF by 1.8% during the 4th quarter. &PARTNERS now owns 95,846 shares of the company’s stock worth $3,419,000 after purchasing an additional 1,732 shares during the last quarter. Savvy Advisors Inc. purchased a new stake in shares of Fidelity Blue Chip Value ETF during the 4th quarter worth approximately $2,093,000. Envestnet Asset Management Inc. increased its stake in shares of Fidelity Blue Chip Value ETF by 8.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 32,870 shares of the company’s stock worth $1,120,000 after purchasing an additional 2,679 shares during the last quarter. Finally, AdvisorNet Financial Inc increased its stake in shares of Fidelity Blue Chip Value ETF by 10.0% during the 1st quarter. AdvisorNet Financial Inc now owns 28,981 shares of the company’s stock worth $1,043,000 after purchasing an additional 2,631 shares during the last quarter.

Fidelity Blue Chip Value ETF Company Profile

The Fidelity Blue Chip Value ETF (FBCV) is an exchange-traded fund that is based on the Russell 1000 Value index. The fund is an actively-managed, non-transparent fund of fundamentally-selected large-cap global value stocks. The fund utilizes the Fidelity non-transparent model. FBCV was launched on Jun 3, 2020 and is managed by Fidelity.