Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Short Interest Update

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) was the recipient of a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 5,705 shares, a decrease of 74.8% from the April 30th total of 22,614 shares. Based on an average daily volume of 67,130 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Fidelity Low Volatility Factor ETF Stock Performance

Fidelity Low Volatility Factor ETF stock traded up $0.02 during trading on Friday, reaching $70.43. 83,261 shares of the company’s stock were exchanged, compared to its average volume of 73,478. The company’s 50-day moving average is $67.65 and its two-hundred day moving average is $67.41. Fidelity Low Volatility Factor ETF has a 52-week low of $60.56 and a 52-week high of $70.52. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 24.34 and a beta of 0.77.

Institutional Trading of Fidelity Low Volatility Factor ETF

A number of institutional investors have recently added to or reduced their stakes in FDLO. Sykon Capital LLC purchased a new stake in Fidelity Low Volatility Factor ETF during the 4th quarter worth $11,713,000. First Trust Advisors LP purchased a new stake in Fidelity Low Volatility Factor ETF during the 1st quarter worth $7,959,000. Howard Capital Management Inc. boosted its position in Fidelity Low Volatility Factor ETF by 86.9% during the 4th quarter. Howard Capital Management Inc. now owns 233,344 shares of the company’s stock worth $15,576,000 after purchasing an additional 108,461 shares during the period. Royal Bank of Canada boosted its position in Fidelity Low Volatility Factor ETF by 189.7% during the 4th quarter. Royal Bank of Canada now owns 155,181 shares of the company’s stock worth $10,358,000 after purchasing an additional 101,619 shares during the period. Finally, Two Sigma Investments LP purchased a new stake in Fidelity Low Volatility Factor ETF during the 3rd quarter worth $5,131,000.

Fidelity Low Volatility Factor ETF Company Profile

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.