Fidelity International Value Factor ETF (NYSEARCA:FIVA) Shares Shorted: Short Interest Down 54.1% in September

Fidelity International Value Factor ETF (NYSEARCA:FIVA) was the recipient of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 37,486 shares, a decline of 54.1% from the September 15th total of 81,642 shares. Based on an average daily trading volume, of 102,386 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the company’s shares are sold short.

Fidelity International Value Factor ETF Stock Performance

Shares of Fidelity International Value Factor ETF stock traded up $0.19 during midday trading on Tuesday, reaching $37.82. 51,863 shares of the company’s stock traded hands, compared to its average volume of 131,734. The stock has a 50 day moving average of $39.35 and a 200-day moving average of $38.20. Fidelity International Value Factor ETF has a 12 month low of $30.94 and a 12 month high of $40.50. The company has a market cap of $624.03 million, a PE ratio of 11.15 and a beta of 0.72.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Asset Allocation Strategies LLC boosted its stake in shares of Fidelity International Value Factor ETF by 4.0% during the 2nd quarter. Asset Allocation Strategies LLC now owns 7,934 shares of the company’s stock valued at $306,000 after purchasing an additional 308 shares in the last quarter. Allworth Financial LP raised its stake in Fidelity International Value Factor ETF by 128.8% in the second quarter. Allworth Financial LP now owns 1,462 shares of the company’s stock worth $56,000 after buying an additional 823 shares in the last quarter. Roan Capital Partners raised its stake in Fidelity International Value Factor ETF by 1.1% in the third quarter. Roan Capital Partners now owns 101,306 shares of the company’s stock worth $3,855,000 after buying an additional 1,132 shares in the last quarter. Arkadios Wealth Advisors lifted its holdings in Fidelity International Value Factor ETF by 7.3% in the first quarter. Arkadios Wealth Advisors now owns 18,989 shares of the company’s stock worth $661,000 after buying an additional 1,287 shares during the period. Finally, Focus Financial Network Inc. lifted its holdings in Fidelity International Value Factor ETF by 21.9% in the second quarter. Focus Financial Network Inc. now owns 10,383 shares of the company’s stock worth $400,000 after buying an additional 1,864 shares during the period.

About Fidelity International Value Factor ETF

The Fidelity International Value Factor ETF (FIVA) is an exchange-traded fund that is based on the Fidelity International Value Factor index. The fund tracks a multi-factor index of large- and mid-cap value stocks from developed markets, ex-US. FIVA was launched on Jan 16, 2018 and is managed by Fidelity.