Fidelity International Value Factor ETF (NYSEARCA:FIVA) Sees Large Decrease in Short Interest

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

Institutional Trading of Fidelity International Value Factor ETF

A number of hedge funds have recently modified their holdings of the business. Patriot Financial Group Insurance Agency LLC grew its position in shares of Fidelity International Value Factor ETF by 124.7% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 39,760 shares of the company’s stock worth $1,384,000 after buying an additional 22,067 shares during the period. RCS Financial Planning LLC bought a new position in shares of Fidelity International Value Factor ETF in the 1st quarter worth about $715,000. Midwest Financial Network LLC purchased a new position in Fidelity International Value Factor ETF during the 1st quarter valued at about $578,000. Royal Bank of Canada lifted its position in Fidelity International Value Factor ETF by 9,202.2% during the 1st quarter. Royal Bank of Canada now owns 191,532 shares of the company’s stock valued at $6,667,000 after acquiring an additional 189,473 shares during the period. Finally, Kestra Advisory Services LLC lifted its position in Fidelity International Value Factor ETF by 213.8% during the 1st quarter. Kestra Advisory Services LLC now owns 202,048 shares of the company’s stock valued at $7,033,000 after acquiring an additional 137,661 shares during the period.

Fidelity International Value Factor ETF Stock Performance

Shares of NYSEARCA FIVA traded up $0.19 during mid-day trading on Tuesday, hitting $37.82. 51,863 shares of the stock traded hands, compared to its average volume of 131,734. Fidelity International Value Factor ETF has a 52 week low of $30.94 and a 52 week high of $40.50. The company has a market cap of $624.03 million, a price-to-earnings ratio of 11.15 and a beta of 0.72. The stock has a fifty day moving average price of $39.35 and a 200-day moving average price of $38.20.

Fidelity International Value Factor ETF Company Profile

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.