Fidelity Value Factor ETF (NYSEARCA:FVAL) Short Interest Up 217.7% in August

Fidelity Value Factor ETF (NYSEARCA:FVAL) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 80,114 shares, an increase of 217.7% from the August 15th total of 25,213 shares. Based on an average daily volume of 60,771 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.5% of the shares of the company are short sold.

Fidelity Value Factor ETF Stock Performance

Shares of FVAL traded up $0.67 during trading hours on Friday, hitting $82.32. The stock had a trading volume of 20,558 shares, compared to its average volume of 44,916. Fidelity Value Factor ETF has a fifty-two week low of $67.20 and a fifty-two week high of $83.71. The firm has a 50-day moving average price of $81.37 and a 200 day moving average price of $77.24. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 19.06 and a beta of 0.95.

Hedge Funds Weigh In On Fidelity Value Factor ETF

Several hedge funds and other institutional investors have recently modified their holdings of FVAL. Capital Analysts LLC boosted its holdings in shares of Fidelity Value Factor ETF by 17.4% during the 2nd quarter. Capital Analysts LLC now owns 5,306 shares of the company’s stock worth $414,000 after purchasing an additional 786 shares during the last quarter. Allworth Financial LP raised its holdings in Fidelity Value Factor ETF by 1.4% in the 2nd quarter. Allworth Financial LP now owns 9,932 shares of the company’s stock valued at $774,000 after buying an additional 141 shares during the period. Ameritas Advisory Services LLC purchased a new stake in shares of Fidelity Value Factor ETF in the 2nd quarter valued at approximately $519,000. Compass Financial Management LLC acquired a new position in Fidelity Value Factor ETF during the second quarter worth $65,000. Finally, Nwam LLC purchased a new position in Fidelity Value Factor ETF during the 2nd quarter valued at about $188,000.

About Fidelity Value Factor ETF

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.