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

Fidelity Value Factor ETF (NYSEARCA:FVAL) was the recipient of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 25,213 shares, a decrease of 57.0% from the July 30th total of 58,571 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 47,851 shares, the days-to-cover ratio is currently 0.5 days.

Fidelity Value Factor ETF Price Performance

Shares of NYSEARCA:FVAL opened at $82.67 on Monday. The stock has a market cap of $1.36 billion, a P/E ratio of 19.06 and a beta of 0.95. The firm has a fifty day moving average price of $80.41 and a 200 day moving average price of $76.60. Fidelity Value Factor ETF has a 1-year low of $66.34 and a 1-year high of $83.57.

Hedge Funds Weigh In On Fidelity Value Factor ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC grew its holdings in Fidelity Value Factor ETF by 4.8% during the third quarter. Integrated Wealth Concepts LLC now owns 3,396 shares of the company’s stock worth $234,000 after acquiring an additional 154 shares during the period. Cullen Frost Bankers Inc. lifted its holdings in Fidelity Value Factor ETF by 3.2% in the fourth quarter. Cullen Frost Bankers Inc. now owns 8,872 shares of the company’s stock valued at $641,000 after acquiring an additional 273 shares during the period. Foronjy Financial LLC boosted its position in shares of Fidelity Value Factor ETF by 9.9% during the 4th quarter. Foronjy Financial LLC now owns 3,596 shares of the company’s stock worth $260,000 after purchasing an additional 324 shares in the last quarter. Allworth Financial LP boosted its position in shares of Fidelity Value Factor ETF by 3.3% during the 4th quarter. Allworth Financial LP now owns 10,628 shares of the company’s stock worth $768,000 after purchasing an additional 335 shares in the last quarter. Finally, GWN Securities Inc. grew its stake in shares of Fidelity Value Factor ETF by 4.7% during the 4th quarter. GWN Securities Inc. now owns 8,014 shares of the company’s stock worth $579,000 after purchasing an additional 363 shares during the period.

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.