Short Interest in Fidelity Blue Chip Value ETF (BATS:FBCV) Expands By 1,117.3%

Fidelity Blue Chip Value ETF (BATS:FBCV) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 20,949 shares, a growth of 1,117.3% from the June 15th total of 1,721 shares. Based on an average daily trading volume, of 10,110 shares, the days-to-cover ratio is presently 2.1 days. Approximately 0.5% of the company’s stock are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Fidelity Blue Chip Value ETF by 80,103.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 189,281 shares of the company’s stock valued at $6,752,000 after purchasing an additional 189,045 shares in the last quarter. &PARTNERS boosted its stake in shares of Fidelity Blue Chip Value ETF by 1.8% during the fourth quarter. &PARTNERS now owns 95,846 shares of the company’s stock valued at $3,419,000 after purchasing an additional 1,732 shares in the last quarter. Savvy Advisors Inc. purchased a new position in Fidelity Blue Chip Value ETF during the fourth quarter valued at approximately $2,093,000. AdvisorNet Financial Inc increased its holdings in Fidelity Blue Chip Value ETF by 10.0% during the first quarter. AdvisorNet Financial Inc now owns 28,981 shares of the company’s stock valued at $1,043,000 after buying an additional 2,631 shares during the period. Finally, Cetera Investment Advisers raised its stake in Fidelity Blue Chip Value ETF by 76.2% in the fourth quarter. Cetera Investment Advisers now owns 27,216 shares of the company’s stock worth $971,000 after buying an additional 11,768 shares in the last quarter.

Fidelity Blue Chip Value ETF Trading Up 0.4%

FBCV opened at $40.42 on Friday. The company has a market capitalization of $158.85 million, a price-to-earnings 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 $40.79. The business’s fifty day simple moving average is $39.23 and its 200-day simple moving average is $37.68.

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.