Fidelity Blue Chip Value ETF (BATS:FBCV) Shares Shorted: Short Interest Down 59.4% in September

Fidelity Blue Chip Value ETF (BATS:FBCV) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 10,190 shares, a drop of 59.4% from the August 31st total of 25,094 shares. Based on an average trading volume of 13,916 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.3% of the company’s shares are sold short.

Fidelity Blue Chip Value ETF Stock Performance

Shares of BATS FBCV traded down $0.34 during midday trading on Tuesday, hitting $41.13. 1,550 shares of the company traded hands, compared to its average volume of 25,307. The stock has a 50-day moving average price of $42.32 and a 200 day moving average price of $39.74. The firm has a market cap of $161.64 million, a P/E ratio of 16.12 and a beta of 0.74. Fidelity Blue Chip Value ETF has a 12-month low of $33.41 and a 12-month high of $43.49.

Institutional Investors Weigh In On Fidelity Blue Chip Value ETF

Several hedge funds have recently made changes to their positions in FBCV. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Fidelity Blue Chip Value ETF by 80,103.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 189,281 shares of the company’s stock valued at $6,752,000 after acquiring an additional 189,045 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Fidelity Blue Chip Value ETF by 73.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 52,729 shares of the company’s stock worth $2,100,000 after purchasing an additional 22,353 shares in the last quarter. Bank of America Corp DE bought a new position in Fidelity Blue Chip Value ETF in the 1st quarter worth about $355,000. Sunbelt Securities Inc. grew its position in Fidelity Blue Chip Value ETF by 143.5% during the 1st quarter. Sunbelt Securities Inc. now owns 16,471 shares of the company’s stock valued at $593,000 after purchasing an additional 9,707 shares during the last quarter. Finally, Global Assets Advisory LLC purchased a new stake in Fidelity Blue Chip Value ETF during the 1st quarter valued at about $266,000.

About Fidelity Blue Chip Value ETF

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.