Fidelity U.S. Multifactor ETF (NYSEARCA:FLRG) Stock Short Interest Report for October

Fidelity U.S. Multifactor ETF (NYSEARCA:FLRG) saw a significant decrease in short interest during the month of October. As of October 30th, there was short interest totaling 9,713 shares, a decrease of 70.8% from the October 15th total of 33,308 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 12,346 shares, the days-to-cover ratio is presently 0.8 days.

Fidelity U.S. Multifactor ETF Trading Down 0.2%

FLRG stock traded down $0.10 during trading on Friday, reaching $41.30. The stock had a trading volume of 9,250 shares, compared to its average volume of 17,518. Fidelity U.S. Multifactor ETF has a 52 week low of $35.94 and a 52 week high of $43.05. The stock’s 50 day moving average is $41.77 and its two-hundred day moving average is $40.37. The firm has a market cap of $289.10 million, a PE ratio of 17.03 and a beta of 0.85.

Institutional Investors Weigh In On Fidelity U.S. Multifactor ETF

Several hedge funds and other institutional investors have recently made changes to their positions in FLRG. IFG Advisory LLC boosted its holdings in shares of Fidelity U.S. Multifactor ETF by 60.1% in the third quarter. IFG Advisory LLC now owns 842 shares of the company’s stock worth $35,000 after buying an additional 316 shares during the last quarter. Brighton Jones LLC purchased a new stake in Fidelity U.S. Multifactor ETF during the third quarter valued at approximately $251,000. Kestra Advisory Services LLC increased its holdings in Fidelity U.S. Multifactor ETF by 11.5% during the third quarter. Kestra Advisory Services LLC now owns 56,682 shares of the company’s stock valued at $2,339,000 after buying an additional 5,827 shares during the last quarter. Commonwealth Equity Services LLC bought a new position in Fidelity U.S. Multifactor ETF in the third quarter worth approximately $29,150,000. Finally, Beacon Capital Management LLC raised its position in Fidelity U.S. Multifactor ETF by 64.6% in the third quarter. Beacon Capital Management LLC now owns 16,564 shares of the company’s stock worth $684,000 after acquiring an additional 6,503 shares during the period.

About Fidelity U.S. Multifactor ETF

The Fidelity U.S. Multifactor ETF (FLRG) is an exchange-traded fund that is based on the Fidelity U.S. Multifactor index. The fund tracks an index large-cap US stocks selected by four factors – value, quality, low volatility, and momentum. FLRG was launched on Sep 15, 2020 and is managed by Fidelity.