Fidelity Blue Chip Value ETF (BATS:FBCV) Short Interest Update

Fidelity Blue Chip Value ETF (BATS:FBCV) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 1,721 shares, a decrease of 86.8% from the May 31st total of 12,998 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 9,540 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its stake in shares of Fidelity Blue Chip Value ETF by 4,045.7% during the 1st quarter. Royal Bank of Canada now owns 19,070 shares of the company’s stock worth $610,000 after buying an additional 18,610 shares during the last quarter. Cetera Investment Advisers acquired a new position in Fidelity Blue Chip Value ETF during the second quarter valued at approximately $294,000. Northwestern Mutual Wealth Management Co. grew its stake in Fidelity Blue Chip Value ETF by 145.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 885 shares of the company’s stock valued at $29,000 after purchasing an additional 524 shares in the last quarter. 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 purchasing an additional 1,661 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Fidelity Blue Chip Value ETF by 8.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 32,870 shares of the company’s stock valued at $1,120,000 after buying an additional 2,679 shares during the last quarter.

Fidelity Blue Chip Value ETF Trading Up 1.1%

FBCV opened at $39.51 on Friday. The stock has a market capitalization of $155.27 million, a P/E ratio of 16.12 and a beta of 0.74. Fidelity Blue Chip Value ETF has a 12 month low of $32.12 and a 12 month high of $39.89. The firm’s fifty day simple moving average is $38.68 and its 200 day simple moving average is $37.36.

Fidelity Blue Chip Value ETF Company Profile

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.