Short Interest in Fidelity Blue Chip Value ETF (BATS:FBCV) Grows By 107.1%

Fidelity Blue Chip Value ETF (BATS:FBCV) was the recipient of a significant increase in short interest in April. As of April 30th, there was short interest totaling 12,842 shares, an increase of 107.1% from the April 15th total of 6,200 shares. Based on an average trading volume of 14,835 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.3% of the shares of the stock are short sold.

Fidelity Blue Chip Value ETF Trading Down 0.8%

BATS FBCV opened at $38.39 on Friday. The stock’s 50-day moving average price is $37.08 and its two-hundred day moving average price is $36.50. The company has a market cap of $150.87 million, a PE ratio of 16.12 and a beta of 0.74. Fidelity Blue Chip Value ETF has a 1 year low of $31.60 and a 1 year high of $38.84.

Institutional Trading of Fidelity Blue Chip Value ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. raised its holdings in Fidelity Blue Chip Value ETF by 145.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 885 shares of the company’s stock worth $29,000 after buying an additional 524 shares during the period. Elyxium Wealth LLC acquired a new stake in Fidelity Blue Chip Value ETF during the 4th quarter worth about $30,000. Global Trust Asset Management LLC acquired a new stake in Fidelity Blue Chip Value ETF during the 1st quarter worth about $37,000. Osaic Holdings Inc. raised its holdings in Fidelity Blue Chip Value ETF by 151.3% during the 2nd quarter. Osaic Holdings Inc. now owns 2,759 shares of the company’s stock worth $90,000 after buying an additional 1,661 shares during the period. Finally, Sunbelt Securities Inc. raised its holdings in Fidelity Blue Chip Value ETF by 18.6% during the 4th quarter. Sunbelt Securities Inc. now owns 6,764 shares of the company’s stock worth $241,000 after buying an additional 1,059 shares during the period.

About Fidelity Blue Chip Value ETF

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.