Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Sees Significant Growth in Short Interest

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) saw a significant increase in short interest in September. As of September 30th, there was short interest totaling 25,237 shares, an increase of 637.1% from the September 15th total of 3,424 shares. Based on an average daily trading volume, of 59,562 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC lifted its stake in Fidelity Low Volatility Factor ETF by 6.2% during the second quarter. NewEdge Advisors LLC now owns 123,304 shares of the company’s stock worth $8,426,000 after purchasing an additional 7,240 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Fidelity Low Volatility Factor ETF by 1.9% in the second quarter. Envestnet Asset Management Inc. now owns 534,296 shares of the company’s stock valued at $36,511,000 after purchasing an additional 9,779 shares in the last quarter. Mechanics Bank Trust Department boosted its holdings in Fidelity Low Volatility Factor ETF by 11.2% in the second quarter. Mechanics Bank Trust Department now owns 93,546 shares of the company’s stock valued at $6,392,000 after purchasing an additional 9,450 shares in the last quarter. Corient Private Wealth LP boosted its holdings in Fidelity Low Volatility Factor ETF by 1,667.4% in the second quarter. Corient Private Wealth LP now owns 186,302 shares of the company’s stock valued at $12,731,000 after purchasing an additional 175,761 shares in the last quarter. Finally, Ameritas Advisory Services LLC increased its stake in Fidelity Low Volatility Factor ETF by 138.3% in the second quarter. Ameritas Advisory Services LLC now owns 254,114 shares of the company’s stock valued at $17,365,000 after purchasing an additional 147,473 shares during the last quarter.

Fidelity Low Volatility Factor ETF Stock Performance

NYSEARCA FDLO traded up $0.45 during trading on Friday, reaching $72.66. 79,994 shares of the company’s stock were exchanged, compared to its average volume of 64,362. The stock has a market cap of $1.43 billion, a P/E ratio of 24.34 and a beta of 0.76. The company has a 50 day moving average price of $72.22 and a two-hundred day moving average price of $69.92. Fidelity Low Volatility Factor ETF has a 1 year low of $63.36 and a 1 year high of $73.64.

About Fidelity Low Volatility Factor ETF

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.