Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Sees Large Increase in Short Interest

by · The Cerbat Gem

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO – Get Free Report) was the target of a significant increase in short interest in the month of 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 trading volume of 59,562 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On Fidelity Low Volatility Factor ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Corient Private Wealth LP raised its stake 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. Ameritas Advisory Services LLC grew its stake in Fidelity Low Volatility Factor ETF by 138.3% during the second quarter. Ameritas Advisory Services LLC now owns 254,114 shares of the company’s stock worth $17,365,000 after buying an additional 147,473 shares in the last quarter. First Trust Advisors LP acquired a new stake in Fidelity Low Volatility Factor ETF during the first quarter worth about $7,959,000. Hershey Financial Advisers LLC bought a new position in Fidelity Low Volatility Factor ETF in the 1st quarter valued at about $1,210,000. Finally, Cetera Investment Advisers increased its holdings in Fidelity Low Volatility Factor ETF by 6.4% in the 1st quarter. Cetera Investment Advisers now owns 256,501 shares of the company’s stock valued at $16,567,000 after buying an additional 15,335 shares during the period.

Fidelity Low Volatility Factor ETF Price Performance

Fidelity Low Volatility Factor ETF stock traded up $0.45 during midday trading on Friday, hitting $72.66. The company’s stock had a trading volume of 79,994 shares, compared to its average volume of 64,362. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 24.34 and a beta of 0.76. Fidelity Low Volatility Factor ETF has a 1-year low of $63.36 and a 1-year high of $73.64. The company has a 50-day moving average price of $72.22 and a two-hundred day moving average price of $69.89.

About Fidelity Low Volatility Factor ETF

(Get Free Report)

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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