Short Interest in Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Decreases By 75.7%

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 1,362 shares, a drop of 75.7% from the July 15th total of 5,604 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 62,276 shares, the days-to-cover ratio is currently 0.0 days.

Fidelity Low Volatility Factor ETF Price Performance

Shares of FDLO traded down $0.27 during trading hours on Friday, hitting $72.86. The stock had a trading volume of 27,975 shares, compared to its average volume of 65,673. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 24.34 and a beta of 0.76. The company’s fifty day moving average is $70.21 and its two-hundred day moving average is $68.64. Fidelity Low Volatility Factor ETF has a 52 week low of $63.36 and a 52 week high of $73.64.

Institutional Trading of Fidelity Low Volatility Factor ETF

Several large investors have recently added to or reduced their stakes in FDLO. Mechanics Bank Trust Department raised its stake in shares of Fidelity Low Volatility Factor ETF by 11.2% in the second quarter. Mechanics Bank Trust Department now owns 93,546 shares of the company’s stock valued at $6,392,000 after acquiring an additional 9,450 shares during the last quarter. CoreCap Advisors LLC bought a new stake in Fidelity Low Volatility Factor ETF during the 2nd quarter worth approximately $40,000. City Center Advisors LLC acquired a new stake in Fidelity Low Volatility Factor ETF during the 2nd quarter valued at $425,000. Roxbury Financial LLC increased its holdings in Fidelity Low Volatility Factor ETF by 3.3% during the 2nd quarter. Roxbury Financial LLC now owns 15,230 shares of the company’s stock valued at $1,041,000 after purchasing an additional 493 shares in the last quarter. Finally, Security Financial Services INC. increased its holdings in Fidelity Low Volatility Factor ETF by 8.9% during the 1st quarter. Security Financial Services INC. now owns 14,101 shares of the company’s stock valued at $911,000 after purchasing an additional 1,158 shares in the last quarter.

Fidelity Low Volatility Factor ETF Company Profile

The Fidelity Low Volatility Factor ETF (FDLO) is an exchange-traded fund that is based on the Fidelity U.S. Low Volatility Factor index. The fund tracks an index of large- and mid-cap US stocks selected for low volatility of returns and earnings. FDLO was launched on Sep 12, 2016 and is managed by Fidelity.