Fidelity International Value Factor ETF (NYSEARCA:FIVA) Sees Large Drop in Short Interest

Fidelity International Value Factor ETF (NYSEARCA:FIVA) was the target of a large decline in short interest in August. As of August 14th, there was short interest totaling 82,008 shares, a decline of 49.2% from the July 30th total of 161,510 shares. Based on an average daily volume of 109,532 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.5% of the shares of the stock are short sold.

Institutional Investors Weigh In On Fidelity International Value Factor ETF

Several large investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC increased its stake in Fidelity International Value Factor ETF by 15.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 1,616,599 shares of the company’s stock worth $55,336,000 after purchasing an additional 212,876 shares in the last quarter. Align Financial LLC acquired a new stake in Fidelity International Value Factor ETF during the 4th quarter valued at $32,908,000. Summit Wealth Group LLC Co. purchased a new stake in shares of Fidelity International Value Factor ETF in the fourth quarter valued at $7,720,000. Braeburn Wealth Management LLC purchased a new stake in shares of Fidelity International Value Factor ETF in the fourth quarter valued at $7,421,000. Finally, Kestra Advisory Services LLC lifted its holdings in shares of Fidelity International Value Factor ETF by 213.8% in the first quarter. Kestra Advisory Services LLC now owns 202,048 shares of the company’s stock valued at $7,033,000 after purchasing an additional 137,661 shares in the last quarter.

Fidelity International Value Factor ETF Trading Down 0.2%

FIVA stock traded down $0.07 on Monday, hitting $39.74. 149,875 shares of the company’s stock traded hands, compared to its average volume of 140,416. The stock has a market cap of $596.10 million, a price-to-earnings ratio of 11.15 and a beta of 0.71. Fidelity International Value Factor ETF has a 1-year low of $30.32 and a 1-year high of $40.39. The stock has a fifty day moving average of $39.13 and a 200-day moving average of $37.65.

About Fidelity International Value Factor ETF

The Fidelity International Value Factor ETF (FIVA) is an exchange-traded fund that is based on the Fidelity International Value Factor index. The fund tracks a multi-factor index of large- and mid-cap value stocks from developed markets, ex-US. FIVA was launched on Jan 16, 2018 and is managed by Fidelity.