Short Interest in Fidelity Blue Chip Value ETF (BATS:FBCV) Drops By 68.6%

Fidelity Blue Chip Value ETF (BATS:FBCV) was the target of a large decline in short interest in May. As of May 15th, there was short interest totaling 4,037 shares, a decline of 68.6% from the April 30th total of 12,842 shares. Based on an average daily volume of 12,272 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the company’s stock are sold short.

Fidelity Blue Chip Value ETF Stock Performance

BATS:FBCV opened at $39.09 on Friday. Fidelity Blue Chip Value ETF has a one year low of $31.88 and a one year high of $39.45. The firm has a market cap of $153.62 million, a P/E ratio of 16.12 and a beta of 0.74. The firm has a 50-day simple moving average of $37.57 and a 200-day simple moving average of $36.81.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of FBCV. Northwestern Mutual Wealth Management Co. raised its stake in shares of Fidelity Blue Chip Value ETF by 145.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 885 shares of the company’s stock worth $29,000 after acquiring an additional 524 shares in the last quarter. Elyxium Wealth LLC bought a new position in shares of Fidelity Blue Chip Value ETF during the 4th quarter worth approximately $30,000. Global Trust Asset Management LLC bought a new position in shares of Fidelity Blue Chip Value ETF during the 1st quarter worth approximately $37,000. Osaic Holdings Inc. raised its stake in shares of Fidelity Blue Chip Value ETF by 151.3% during the 2nd quarter. Osaic Holdings Inc. now owns 2,759 shares of the company’s stock worth $90,000 after acquiring an additional 1,661 shares in the last quarter. Finally, Sunbelt Securities Inc. raised its stake in shares of Fidelity Blue Chip Value ETF by 18.6% during the 4th quarter. Sunbelt Securities Inc. now owns 6,764 shares of the company’s stock worth $241,000 after acquiring an additional 1,059 shares in the last quarter.

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.