Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Sees Large Growth in Short Interest
by Scott Moore · The Cerbat GemFidelity Low Volatility Factor ETF (NYSEARCA:FDLO – Get Free Report) saw a large increase in short interest in March. As of March 31st, there was short interest totaling 29,463 shares, an increase of 61.0% from the March 15th total of 18,296 shares. Based on an average daily volume of 141,527 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are sold short.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the stock. Maseco LLP bought a new stake in Fidelity Low Volatility Factor ETF in the fourth quarter valued at $25,000. Allworth Financial LP increased its position in Fidelity Low Volatility Factor ETF by 460.8% in the 3rd quarter. Allworth Financial LP now owns 415 shares of the company’s stock valued at $27,000 after buying an additional 341 shares in the last quarter. MAI Capital Management raised its stake in Fidelity Low Volatility Factor ETF by 58.7% during the 3rd quarter. MAI Capital Management now owns 419 shares of the company’s stock worth $28,000 after buying an additional 155 shares during the period. Legacy Wealth Managment LLC ID acquired a new position in Fidelity Low Volatility Factor ETF during the 4th quarter worth approximately $31,000. Finally, Ankerstar Wealth LLC bought a new position in Fidelity Low Volatility Factor ETF in the fourth quarter worth approximately $32,000.
Fidelity Low Volatility Factor ETF Stock Performance
FDLO stock remained flat at $67.35 during mid-day trading on Wednesday. The company’s stock had a trading volume of 13,164 shares, compared to its average volume of 77,059. Fidelity Low Volatility Factor ETF has a 1-year low of $55.78 and a 1-year high of $68.71. The business’s 50 day moving average price is $66.71 and its 200 day moving average price is $66.67. The company has a market capitalization of $1.39 billion, a P/E ratio of 24.34 and a beta of 0.79.
Fidelity Low Volatility Factor ETF Company Profile
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.