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

Fidelity Value Factor ETF (NYSEARCA:FVAL) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 51,826 shares, a growth of 83.0% from the May 31st total of 28,325 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 28,137 shares, the short-interest ratio is presently 1.8 days.

Hedge Funds Weigh In On Fidelity Value Factor ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Royal Bank of Canada raised its position in shares of Fidelity Value Factor ETF by 0.5% in the 1st quarter. Royal Bank of Canada now owns 165,041 shares of the company’s stock worth $9,835,000 after purchasing an additional 843 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in Fidelity Value Factor ETF during the 1st quarter valued at about $1,656,000. NewEdge Advisors LLC increased its stake in Fidelity Value Factor ETF by 6.9% during the 2nd quarter. NewEdge Advisors LLC now owns 7,775 shares of the company’s stock valued at $497,000 after purchasing an additional 501 shares in the last quarter. Quantinno Capital Management LP purchased a new position in Fidelity Value Factor ETF in the second quarter worth about $340,000. Finally, Darwin Wealth Management LLC purchased a new position in Fidelity Value Factor ETF in the second quarter worth about $1,074,000.

Fidelity Value Factor ETF Price Performance

FVAL stock opened at $77.93 on Thursday. The business has a 50 day moving average of $77.74 and a 200 day moving average of $74.29. The firm has a market cap of $1.25 billion, a PE ratio of 19.06 and a beta of 0.95. Fidelity Value Factor ETF has a twelve month low of $63.43 and a twelve month high of $80.69.

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.