Fidelity U.S. Multifactor ETF (NYSEARCA:FLRG) Short Interest Update

by · The Cerbat Gem

Fidelity U.S. Multifactor ETF (NYSEARCA:FLRG – Get Free Report) saw a significant increase in short interest in December. As of December 31st, there was short interest totaling 31,976 shares, an increase of 65.1% from the December 15th total of 19,366 shares. Based on an average daily trading volume, of 20,086 shares, the days-to-cover ratio is presently 1.6 days. Approximately 0.4% of the shares of the stock are short sold. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 20,086 shares, the days-to-cover ratio is presently 1.6 days.

Hedge Funds Weigh In On Fidelity U.S. Multifactor ETF

A number of large investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. increased its holdings in shares of Fidelity U.S. Multifactor ETF by 272.6% in the first quarter. Goldman Sachs Group Inc. now owns 48,565 shares of the company’s stock valued at $1,611,000 after purchasing an additional 35,532 shares in the last quarter. Sovran Advisors LLC boosted its position in Fidelity U.S. Multifactor ETF by 11.8% in the 2nd quarter. Sovran Advisors LLC now owns 21,852 shares of the company’s stock valued at $783,000 after buying an additional 2,314 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Fidelity U.S. Multifactor ETF by 2.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 250,142 shares of the company’s stock valued at $9,053,000 after buying an additional 6,903 shares during the period. Beacon Capital Management LLC raised its position in shares of Fidelity U.S. Multifactor ETF by 185.5% during the second quarter. Beacon Capital Management LLC now owns 1,205 shares of the company’s stock worth $43,000 after acquiring an additional 783 shares during the last quarter. Finally, Centennial Wealth Advisory LLC lifted its stake in shares of Fidelity U.S. Multifactor ETF by 6.8% during the second quarter. Centennial Wealth Advisory LLC now owns 79,585 shares of the company’s stock valued at $2,861,000 after acquiring an additional 5,073 shares during the period.

Fidelity U.S. Multifactor ETF Trading Down 0.2%

Shares of Fidelity U.S. Multifactor ETF stock traded down $0.08 during trading on Friday, reaching $38.29. The company’s stock had a trading volume of 20,696 shares, compared to its average volume of 27,100. The stock has a 50-day moving average price of $38.10 and a two-hundred day moving average price of $37.58. The stock has a market capitalization of $275.69 million, a P/E ratio of 20.13 and a beta of 0.87. Fidelity U.S. Multifactor ETF has a one year low of $28.97 and a one year high of $38.80.

About Fidelity U.S. Multifactor ETF

(Get Free Report)

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.

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