Fidelity Value Factor ETF (NYSEARCA:FVAL) Shares Shorted: Short Interest Down 42.4% in September

Fidelity Value Factor ETF (NYSEARCA:FVAL) was the recipient of a significant decline in short interest in September. As of September 15th, there was short interest totaling 46,108 shares, a decline of 42.4% from the August 31st total of 80,114 shares. Based on an average daily trading volume, of 31,393 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.3% of the shares of the stock are short sold.

Fidelity Value Factor ETF Stock Down 0.4%

FVAL stock traded down $0.30 on Wednesday, reaching $80.76. 40,448 shares of the company’s stock were exchanged, compared to its average volume of 44,614. The stock has a fifty day moving average of $82.00 and a 200-day moving average of $78.08. The firm has a market cap of $1.35 billion, a PE ratio of 19.06 and a beta of 0.95. Fidelity Value Factor ETF has a twelve month low of $67.20 and a twelve month high of $83.71.

Hedge Funds Weigh In On Fidelity Value Factor ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Envestnet Asset Management Inc. lifted its stake in shares of Fidelity Value Factor ETF by 4.3% in the second quarter. Envestnet Asset Management Inc. now owns 1,772,697 shares of the company’s stock valued at $138,154,000 after purchasing an additional 72,480 shares during the period. Dynamic Advisor Solutions LLC grew its position in Fidelity Value Factor ETF by 12.3% during the second quarter. Dynamic Advisor Solutions LLC now owns 331,727 shares of the company’s stock worth $25,853,000 after buying an additional 36,428 shares during the period. Royal Bank of Canada increased its holdings in Fidelity Value Factor ETF by 0.3% in the first quarter. Royal Bank of Canada now owns 301,376 shares of the company’s stock valued at $20,915,000 after buying an additional 757 shares in the last quarter. Cetera Investment Advisers increased its holdings in Fidelity Value Factor ETF by 9.5% in the first quarter. Cetera Investment Advisers now owns 281,544 shares of the company’s stock valued at $19,539,000 after buying an additional 24,376 shares in the last quarter. Finally, Beacon Advisors Holdings LLC acquired a new stake in shares of Fidelity Value Factor ETF during the 4th quarter valued at approximately $13,819,000.

About Fidelity Value Factor ETF

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.