Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO – Get Free Report) saw a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 16,657 shares, a decrease of 70.7% from the June 15th total of 56,928 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 41,127 shares, the short-interest ratio is presently 0.4 days.
Hedge Funds Weigh In On Fidelity Low Volatility Factor ETF
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Maseco LLP acquired a new position in shares of Fidelity Low Volatility Factor ETF during the 4th quarter valued at $25,000. Allworth Financial LP lifted its holdings in shares of Fidelity Low Volatility Factor ETF by 460.8% in the third quarter. Allworth Financial LP now owns 415 shares of the company’s stock valued at $27,000 after buying an additional 341 shares during the period. Legacy Wealth Managment LLC ID acquired a new stake in shares of Fidelity Low Volatility Factor ETF in the fourth quarter valued at $31,000. Ankerstar Wealth LLC acquired a new stake in shares of Fidelity Low Volatility Factor ETF in the fourth quarter valued at $32,000. Finally, CoreCap Advisors LLC bought a new position in Fidelity Low Volatility Factor ETF during the second quarter valued at about $40,000.
Fidelity Low Volatility Factor ETF Price Performance
Shares of Fidelity Low Volatility Factor ETF stock traded up $0.07 on Friday, hitting $70.14. The company had a trading volume of 36,128 shares, compared to its average volume of 67,513. Fidelity Low Volatility Factor ETF has a 52 week low of $62.23 and a 52 week high of $70.71. The company has a market cap of $1.40 billion, a PE ratio of 24.34 and a beta of 0.77. The business has a 50-day simple moving average of $69.32 and a 200-day simple moving average of $67.92.
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.
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