Fidelity Fundamental Large Cap Value ETF (BATS:FFLV) Sees Large Decline in Short Interest

Fidelity Fundamental Large Cap Value ETF (BATS:FFLV) was the target of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 544 shares, a decrease of 97.3% from the April 15th total of 19,946 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 3,367 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Fidelity Fundamental Large Cap Value ETF

Hedge funds have recently modified their holdings of the stock. Osaic Holdings Inc. raised its stake in shares of Fidelity Fundamental Large Cap Value ETF by 208.3% in the second quarter. Osaic Holdings Inc. now owns 2,775 shares of the company’s stock valued at $61,000 after acquiring an additional 1,875 shares in the last quarter. Citadel Advisors LLC raised its stake in shares of Fidelity Fundamental Large Cap Value ETF by 144.3% in the third quarter. Citadel Advisors LLC now owns 31,151 shares of the company’s stock valued at $721,000 after acquiring an additional 18,400 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Fidelity Fundamental Large Cap Value ETF in the fourth quarter valued at $65,000.

Fidelity Fundamental Large Cap Value ETF Stock Performance

Shares of FFLV opened at $26.63 on Tuesday. The stock has a market capitalization of $12.65 million, a PE ratio of 16.54 and a beta of 0.60. Fidelity Fundamental Large Cap Value ETF has a 1 year low of $21.15 and a 1 year high of $26.94. The company’s 50-day simple moving average is $25.65 and its 200-day simple moving average is $24.98.

Fidelity Fundamental Large Cap Value ETF Company Profile

The Fidelity Fundamental Large Cap Value ETF (FFLV) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund that provides exposure to large-cap value stocks from around the world. The fund selects equity securities based on fundamental research and analysis. FFLV was launched on Feb 22, 2024 and is issued by Fidelity.