Fidelity Fundamental Large Cap Value ETF (BATS:FFLV) Sees Significant Growth in Short Interest

Fidelity Fundamental Large Cap Value ETF (BATS:FFLV) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 5,074 shares, an increase of 115.7% from the May 31st total of 2,352 shares. Currently, 1.1% of the shares of the stock are sold short. Based on an average daily volume of 1,962 shares, the days-to-cover ratio is currently 2.6 days.

Fidelity Fundamental Large Cap Value ETF Stock Performance

Shares of FFLV stock opened at $27.62 on Tuesday. Fidelity Fundamental Large Cap Value ETF has a 52-week low of $21.88 and a 52-week high of $27.87. The company has a market capitalization of $13.12 million, a PE ratio of 16.54 and a beta of 0.60. The business’s fifty day moving average is $26.91 and its 200 day moving average is $25.85.

Hedge Funds Weigh In On Fidelity Fundamental Large Cap Value ETF

A number of institutional investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. boosted its position in shares of Fidelity Fundamental Large Cap Value ETF by 208.3% during the 2nd quarter. Osaic Holdings Inc. now owns 2,775 shares of the company’s stock valued at $61,000 after acquiring an additional 1,875 shares during the last quarter. Kestra Advisory Services LLC bought a new position in shares of Fidelity Fundamental Large Cap Value ETF in the fourth quarter worth approximately $65,000. Finally, Citadel Advisors LLC increased its position in shares of Fidelity Fundamental Large Cap Value ETF by 144.3% in the third quarter. Citadel Advisors LLC now owns 31,151 shares of the company’s stock worth $721,000 after purchasing an additional 18,400 shares during the last quarter.

About Fidelity Fundamental Large Cap Value ETF

The Fidelity Fundamental Large Cap Value ETF (FFLV) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund that provides exposure to large-cap value stocks from around the world. The fund selects equity securities based on fundamental research and analysis. FFLV was launched on Feb 22, 2024 and is issued by Fidelity.