Short Interest in Fidelity International Value Factor ETF (NYSEARCA:FIVA) Rises By 532.6%

Fidelity International Value Factor ETF (NYSEARCA:FIVA) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 235,284 shares, a growth of 532.6% from the June 30th total of 37,193 shares. Approximately 1.6% of the company’s shares are sold short. Based on an average daily volume of 81,246 shares, the days-to-cover ratio is currently 2.9 days.

Fidelity International Value Factor ETF Stock Up 0.3%

NYSEARCA:FIVA traded up $0.10 during trading hours on Friday, reaching $38.54. 48,615 shares of the stock were exchanged, compared to its average volume of 148,232. Fidelity International Value Factor ETF has a twelve month low of $28.83 and a twelve month high of $39.61. The business has a 50-day moving average of $38.35 and a two-hundred day moving average of $37.00. The company has a market capitalization of $574.25 million, a price-to-earnings ratio of 11.15 and a beta of 0.71.

Institutional Investors Weigh In On Fidelity International Value Factor ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. National Bank of Canada FI purchased a new stake in shares of Fidelity International Value Factor ETF during the 3rd quarter worth approximately $56,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Fidelity International Value Factor ETF by 247.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,739 shares of the company’s stock worth $60,000 after buying an additional 1,239 shares during the last quarter. Fifth Third Bancorp purchased a new stake in Fidelity International Value Factor ETF during the 1st quarter valued at approximately $74,000. Advisory Services Network LLC acquired a new stake in Fidelity International Value Factor ETF during the 3rd quarter worth approximately $167,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Fidelity International Value Factor ETF in the second quarter valued at approximately $205,000.

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.