Fidelity Blue Chip Value ETF (BATS:FBCV) Sees Large Decrease in Short Interest

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

Fidelity Blue Chip Value ETF Stock Down 0.3%

Shares of BATS FBCV traded down $0.13 during mid-day trading on Friday, reaching $39.09. 2,187 shares of the company were exchanged, compared to its average volume of 34,327. The stock has a market cap of $153.62 million, a price-to-earnings ratio of 16.12 and a beta of 0.74. Fidelity Blue Chip Value ETF has a 1 year low of $31.88 and a 1 year high of $39.45. The firm has a 50-day moving average of $37.57 and a 200 day moving average of $36.81.

Institutional Investors Weigh In On Fidelity Blue Chip Value ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Savvy Advisors Inc. purchased a new stake in Fidelity Blue Chip Value ETF in the fourth quarter valued at about $2,093,000. Northwestern Mutual Wealth Management Co. raised its stake in Fidelity Blue Chip Value ETF by 80,103.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 189,281 shares of the company’s stock valued at $6,752,000 after buying an additional 189,045 shares during the last quarter. Truist Financial Corp raised its stake in Fidelity Blue Chip Value ETF by 18.1% in the fourth quarter. Truist Financial Corp now owns 18,166 shares of the company’s stock valued at $648,000 after buying an additional 2,788 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Fidelity Blue Chip Value ETF by 8.9% in the third 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. Finally, Cetera Investment Advisers purchased a new stake in Fidelity Blue Chip Value ETF in the second quarter valued at about $294,000.

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.