Fidelity Value Factor ETF (NYSEARCA:FVAL) Short Interest Update
by Scott Moore · The Cerbat GemFidelity Value Factor ETF (NYSEARCA:FVAL – Get Free Report) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totaling 23,459 shares, a growth of 214.1% from the April 30th total of 7,468 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 31,732 shares, the days-to-cover ratio is currently 0.7 days.
Fidelity Value Factor ETF Price Performance
Shares of NYSEARCA FVAL traded up $0.25 during trading hours on Friday, reaching $80.19. The stock had a trading volume of 59,985 shares, compared to its average volume of 46,749. The business’s fifty day moving average is $74.30 and its two-hundred day moving average is $73.03. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 19.06 and a beta of 0.95. Fidelity Value Factor ETF has a twelve month low of $60.85 and a twelve month high of $80.33.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. Envestnet Asset Management Inc. raised its stake in shares of Fidelity Value Factor ETF by 5.6% in the third quarter. Envestnet Asset Management Inc. now owns 1,476,362 shares of the company’s stock valued at $101,677,000 after purchasing an additional 78,311 shares in the last quarter. High Probability Advisors LLC raised its stake in shares of Fidelity Value Factor ETF by 0.5% in the fourth quarter. High Probability Advisors LLC now owns 429,924 shares of the company’s stock valued at $31,071,000 after purchasing an additional 2,312 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Fidelity Value Factor ETF by 1,449.0% in the third quarter. Thrivent Financial for Lutherans now owns 417,772 shares of the company’s stock valued at $28,772,000 after purchasing an additional 390,802 shares in the last quarter. Royal Bank of Canada raised its stake in shares of Fidelity Value Factor ETF by 0.3% in the first quarter. Royal Bank of Canada now owns 301,376 shares of the company’s stock valued at $20,915,000 after purchasing an additional 757 shares in the last quarter. Finally, MAI Capital Management raised its stake in shares of Fidelity Value Factor ETF by 98.9% in the third quarter. MAI Capital Management now owns 299,051 shares of the company’s stock valued at $20,596,000 after purchasing an additional 148,716 shares in the last quarter.
About Fidelity Value Factor ETF
The Fidelity Value Factor ETF (FVAL) is an exchange-traded fund that is based on the Fidelity U.S. Value Factor index. The fund follows a fundamentally selected, tier-weighted index of large-cap US stocks. FVAL was launched on Sep 12, 2016 and is managed by Fidelity.