Fidelity Value Factor ETF (NYSEARCA:FVAL – Get Free Report) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 32,882 shares, a growth of 263.4% from the September 30th total of 9,048 shares. Based on an average daily volume of 34,234 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.2% of the company’s stock are short sold.
Institutional Trading of Fidelity Value Factor ETF
A number of large investors have recently made changes to their positions in FVAL. Partners Wealth Management LLC bought a new position in Fidelity Value Factor ETF in the third quarter valued at about $742,000. Beacon Advisors Holdings LLC boosted its position in Fidelity Value Factor ETF by 0.9% in the third quarter. Beacon Advisors Holdings LLC now owns 184,928 shares of the company’s stock worth $14,935,000 after purchasing an additional 1,719 shares during the last quarter. Latitude Advisors LLC purchased a new position in Fidelity Value Factor ETF in the third quarter worth about $25,000. Ballast Financial Advisors LLC boosted its position in Fidelity Value Factor ETF by 6.4% in the third quarter. Ballast Financial Advisors LLC now owns 10,336 shares of the company’s stock worth $835,000 after purchasing an additional 620 shares during the last quarter. Finally, Sigma Planning Corp bought a new stake in shares of Fidelity Value Factor ETF during the 3rd quarter valued at about $1,353,000.
Fidelity Value Factor ETF Price Performance
NYSEARCA FVAL traded down $0.05 during trading hours on Thursday, hitting $82.80. The company’s stock had a trading volume of 22,238 shares, compared to its average volume of 43,869. Fidelity Value Factor ETF has a 12 month low of $67.20 and a 12 month high of $83.71. The company’s 50 day simple moving average is $82.23 and its two-hundred day simple moving average is $77.47. The company has a market cap of $1.38 billion, a P/E ratio of 19.06 and a beta of 0.95.
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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