Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Short Interest Up 42.9% in January

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) was the target of a large growth in short interest in January. As of January 15th, there was short interest totaling 4,741 shares, a growth of 42.9% from the December 31st total of 3,317 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 77,984 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 77,984 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Fidelity Low Volatility Factor ETF Price Performance

NYSEARCA FDLO opened at $68.65 on Tuesday. Fidelity Low Volatility Factor ETF has a 1-year low of $53.59 and a 1-year high of $68.69. The company has a market capitalization of $1.49 billion, a P/E ratio of 24.34 and a beta of 0.80. The business has a 50 day moving average price of $67.35 and a 200 day moving average price of $65.85.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FDLO. Maseco LLP acquired a new stake in Fidelity Low Volatility Factor ETF in the 4th quarter valued at about $25,000. Twin Peaks Wealth Advisors LLC acquired a new position in Fidelity Low Volatility Factor ETF during the second quarter worth about $25,000. Allworth Financial LP lifted its holdings in shares of Fidelity Low Volatility Factor ETF by 460.8% in the third quarter. Allworth Financial LP now owns 415 shares of the company’s stock valued at $27,000 after purchasing an additional 341 shares in the last quarter. MAI Capital Management grew its position in shares of Fidelity Low Volatility Factor ETF by 58.7% in the third quarter. MAI Capital Management now owns 419 shares of the company’s stock valued at $28,000 after purchasing an additional 155 shares during the last quarter. Finally, Parallel Advisors LLC acquired a new stake in shares of Fidelity Low Volatility Factor ETF in the third quarter valued at approximately $45,000.

About Fidelity Low Volatility Factor ETF

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.