Fidelity Blue Chip Value ETF (BATS:FBCV) Stock Short Interest Report for October

Fidelity Blue Chip Value ETF (BATS:FBCV) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 17,645 shares, a growth of 524.2% from the September 30th total of 2,827 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 16,344 shares, the days-to-cover ratio is presently 1.1 days.

Fidelity Blue Chip Value ETF Trading Up 0.2%

Shares of BATS FBCV opened at $43.35 on Tuesday. The stock has a 50-day moving average price of $42.41 and a two-hundred day moving average price of $39.41. The company has a market cap of $170.37 million, a price-to-earnings ratio of 16.12 and a beta of 0.74. Fidelity Blue Chip Value ETF has a 12 month low of $34.16 and a 12 month high of $43.59.

Institutional Investors Weigh In On Fidelity Blue Chip Value ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Global Trust Asset Management LLC bought a new position in Fidelity Blue Chip Value ETF in the 1st quarter valued at $37,000. Armstrong Advisory Group Inc. bought a new position in shares of Fidelity Blue Chip Value ETF in the 3rd quarter worth approximately $119,000. Global Assets Advisory LLC bought a new position in Fidelity Blue Chip Value ETF in the 1st quarter valued at approximately $266,000. Bank of America Corp DE bought a new position in Fidelity Blue Chip Value ETF in the first quarter valued at about $355,000. Finally, CoreCap Advisors LLC raised its position in shares of Fidelity Blue Chip Value ETF by 23.1% during the 2nd quarter. CoreCap Advisors LLC now owns 12,189 shares of the company’s stock valued at $485,000 after purchasing an additional 2,288 shares during the period.

Fidelity Blue Chip Value ETF Company Profile

The Fidelity Blue Chip Value ETF (FBCV) is an exchange-traded fund that is based on the Russell 1000 Value index. The fund is an actively-managed, non-transparent fund of fundamentally-selected large-cap global value stocks. The fund utilizes the Fidelity non-transparent model. FBCV was launched on Jun 3, 2020 and is managed by Fidelity.