Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Short Interest Down 66.4% in July

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) saw a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 5,604 shares, a drop of 66.4% from the June 30th total of 16,657 shares. Based on an average daily trading volume, of 38,063 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Maseco LLP acquired a new position in Fidelity Low Volatility Factor ETF during the fourth quarter valued at $25,000. Allworth Financial LP grew its position in Fidelity Low Volatility Factor ETF by 460.8% during the 3rd quarter. Allworth Financial LP now owns 415 shares of the company’s stock worth $27,000 after purchasing an additional 341 shares during the period. Legacy Wealth Managment LLC ID acquired a new stake in Fidelity Low Volatility Factor ETF during the 4th quarter worth about $31,000. Ankerstar Wealth LLC acquired a new stake in Fidelity Low Volatility Factor ETF during the 4th quarter worth about $32,000. Finally, CoreCap Advisors LLC purchased a new position in shares of Fidelity Low Volatility Factor ETF during the 2nd quarter valued at about $40,000.

Fidelity Low Volatility Factor ETF Trading Up 1.2%

Shares of NYSEARCA FDLO opened at $70.10 on Friday. The company has a 50 day simple moving average of $69.48 and a two-hundred day simple moving average of $68.12. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 24.34 and a beta of 0.77. Fidelity Low Volatility Factor ETF has a 12 month low of $62.23 and a 12 month high of $70.71.

About Fidelity Low Volatility Factor ETF

The Fidelity Low Volatility Factor ETF (FDLO) is an exchange-traded fund that is based on the Fidelity U.S. Low Volatility Factor index. The fund tracks an index of large- and mid-cap US stocks selected for low volatility of returns and earnings. FDLO was launched on Sep 12, 2016 and is managed by Fidelity.