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

Fidelity Fundamental Large Cap Value ETF (BATS:FFLV) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 2,352 shares, an increase of 90.1% from the May 14th total of 1,237 shares. Based on an average trading volume of 3,579 shares, the short-interest ratio is presently 0.7 days. Currently, 0.5% of the company’s stock are short sold.

Fidelity Fundamental Large Cap Value ETF Trading Up 0.9%

Shares of BATS:FFLV opened at $27.48 on Friday. Fidelity Fundamental Large Cap Value ETF has a 1 year low of $21.48 and a 1 year high of $27.48. The business has a fifty day simple moving average of $26.49 and a 200 day simple moving average of $25.57. The firm has a market cap of $13.05 million, a price-to-earnings ratio of 16.54 and a beta of 0.60.

Hedge Funds Weigh In On Fidelity Fundamental Large Cap Value ETF

Several institutional investors have recently bought and sold shares of FFLV. Osaic Holdings Inc. raised its holdings in Fidelity Fundamental Large Cap Value ETF by 208.3% during the second quarter. Osaic Holdings Inc. now owns 2,775 shares of the company’s stock valued at $61,000 after buying an additional 1,875 shares in the last quarter. Citadel Advisors LLC raised its holdings in Fidelity Fundamental Large Cap Value ETF by 144.3% during the third quarter. Citadel Advisors LLC now owns 31,151 shares of the company’s stock valued at $721,000 after buying an additional 18,400 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new position in Fidelity Fundamental Large Cap Value ETF during the fourth quarter valued at about $65,000.

About Fidelity Fundamental Large Cap Value ETF

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.