Fidelity Value Factor ETF (NYSEARCA:FVAL) Sees Significant Decrease in Short Interest

Fidelity Value Factor ETF (NYSEARCA:FVAL) was the recipient of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 35,627 shares, a decline of 39.8% from the June 30th total of 59,154 shares. Based on an average daily volume of 23,447 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.2% of the company’s shares are short sold.

Institutional Investors Weigh In On Fidelity Value Factor ETF

A number of large investors have recently modified their holdings of the stock. Beacon Advisors Holdings LLC bought a new position in shares of Fidelity Value Factor ETF in the 4th quarter worth about $13,819,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Fidelity Value Factor ETF by 3,648.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 113,362 shares of the company’s stock worth $8,193,000 after acquiring an additional 110,338 shares during the last quarter. Empowered Funds LLC bought a new position in shares of Fidelity Value Factor ETF during the fourth quarter valued at $5,147,000. Bank of America Corp DE raised its position in shares of Fidelity Value Factor ETF by 30.3% in the 3rd quarter. Bank of America Corp DE now owns 183,623 shares of the company’s stock worth $12,646,000 after purchasing an additional 42,691 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC boosted its stake in Fidelity Value Factor ETF by 12.3% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 331,727 shares of the company’s stock worth $25,853,000 after purchasing an additional 36,428 shares in the last quarter.

Fidelity Value Factor ETF Stock Performance

Shares of NYSEARCA FVAL traded up $0.46 during trading hours on Friday, hitting $80.47. The company’s stock had a trading volume of 23,792 shares, compared to its average volume of 44,188. The business has a 50-day simple moving average of $78.87 and a 200-day simple moving average of $75.25. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 19.06 and a beta of 0.95. Fidelity Value Factor ETF has a 12 month low of $63.43 and a 12 month high of $80.69.

Fidelity Value Factor ETF Company Profile

The Fidelity Value Factor ETF (FVAL) is an exchange-traded fund that is based on the Fidelity U.S. Value Factor index. The fund follows a fundamentally selected, tier-weighted index of large-cap US stocks. FVAL was launched on Sep 12, 2016 and is managed by Fidelity.