Fidelity Value Factor ETF (NYSEARCA:FVAL) Sees Significant Growth in Short Interest

Fidelity Value Factor ETF (NYSEARCA:FVAL) saw a significant growth in short interest in 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 shares of the stock are sold short.

Fidelity Value Factor ETF Stock Performance

Fidelity Value Factor ETF stock traded down $0.56 during mid-day trading on Friday, hitting $82.25. 4,403 shares of the company traded hands, compared to its average volume of 43,671. Fidelity Value Factor ETF has a one year low of $67.20 and a one year high of $83.71. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 19.06 and a beta of 0.95. The stock has a fifty day moving average price of $82.23 and a 200-day moving average price of $77.52.

Hedge Funds Weigh In On Fidelity Value Factor ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Allworth Financial LP lifted its stake in shares of Fidelity Value Factor ETF by 1.4% in the 2nd quarter. Allworth Financial LP now owns 9,932 shares of the company’s stock valued at $774,000 after acquiring an additional 141 shares during the last quarter. Latitude Advisors LLC bought a new position in Fidelity Value Factor ETF during the 3rd quarter worth approximately $25,000. Assetmark Inc. grew its position in Fidelity Value Factor ETF by 6.3% during the 1st quarter. Assetmark Inc. now owns 7,260 shares of the company’s stock worth $504,000 after acquiring an additional 429 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in Fidelity Value Factor ETF by 2.7% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 22,894 shares of the company’s stock worth $1,784,000 after purchasing an additional 607 shares during the period. Finally, Ballast Financial Advisors LLC lifted 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 valued at $835,000 after purchasing an additional 620 shares during the last quarter.

Fidelity Value Factor ETF Company Profile

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.