Fidelity Fundamental Large Cap Value ETF (BATS:FFLV) Sees Large Increase in Short Interest

Fidelity Fundamental Large Cap Value ETF (BATS:FFLV) saw a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 2,352 shares, an increase of 90.1% from the May 14th total of 1,237 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 3,579 shares, the days-to-cover ratio is presently 0.7 days.

Fidelity Fundamental Large Cap Value ETF Stock Performance

Shares of BATS:FFLV opened at $27.48 on Friday. Fidelity Fundamental Large Cap Value ETF has a 52-week low of $21.48 and a 52-week high of $27.48. The company has a market cap of $13.05 million, a P/E ratio of 16.54 and a beta of 0.60. The stock’s 50-day moving average is $26.49 and its 200-day moving average is $25.57.

Institutional Investors Weigh In On Fidelity Fundamental Large Cap Value ETF

A number of institutional investors have recently added to or reduced their stakes in FFLV. Citadel Advisors LLC grew its position in Fidelity Fundamental Large Cap Value ETF by 144.3% during the third quarter. Citadel Advisors LLC now owns 31,151 shares of the company’s stock worth $721,000 after buying an additional 18,400 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in shares of Fidelity Fundamental Large Cap Value ETF in the fourth quarter valued at $65,000. Finally, Osaic Holdings Inc. raised its stake in shares of Fidelity Fundamental Large Cap Value ETF by 208.3% in the second quarter. Osaic Holdings Inc. now owns 2,775 shares of the company’s stock valued at $61,000 after purchasing an additional 1,875 shares in the last quarter.

About Fidelity Fundamental Large Cap Value ETF

The Fidelity Fundamental Large Cap Value ETF (FFLV) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund that provides exposure to large-cap value stocks from around the world. The fund selects equity securities based on fundamental research and analysis. FFLV was launched on Feb 22, 2024 and is issued by Fidelity.