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

Fidelity U.S. Multifactor ETF (NYSEARCA:FLRG) was the target of a large increase in short interest in February. As of February 27th, there was short interest totaling 30,889 shares, an increase of 22.6% from the February 12th total of 25,188 shares. Based on an average trading volume of 20,439 shares, the short-interest ratio is currently 1.5 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 trading volume of 20,439 shares, the short-interest ratio is currently 1.5 days.

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

Hedge funds have recently modified their holdings of the stock. Envestnet Asset Management Inc. lifted its position in shares of Fidelity U.S. Multifactor ETF by 93.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 13,597 shares of the company’s stock worth $489,000 after buying an additional 6,569 shares during the period. Cetera Investment Advisers grew its position in Fidelity U.S. Multifactor ETF by 7.4% in the second quarter. Cetera Investment Advisers now owns 48,318 shares of the company’s stock valued at $1,737,000 after acquiring an additional 3,326 shares during the period. Berman McAleer LLC bought a new stake in Fidelity U.S. Multifactor ETF in the third quarter valued at $10,645,000. AE Wealth Management LLC raised its stake in Fidelity U.S. Multifactor ETF by 16.8% during the third quarter. AE Wealth Management LLC now owns 1,789,530 shares of the company’s stock worth $68,807,000 after acquiring an additional 258,031 shares in the last quarter. Finally, Advisory Services Network LLC lifted its holdings in shares of Fidelity U.S. Multifactor ETF by 20.0% during the second quarter. Advisory Services Network LLC now owns 233,929 shares of the company’s stock valued at $8,482,000 after acquiring an additional 39,036 shares during the period.

Fidelity U.S. Multifactor ETF Stock Down 0.7%

NYSEARCA FLRG opened at $37.24 on Monday. Fidelity U.S. Multifactor ETF has a twelve month low of $28.97 and a twelve month high of $38.97. The stock has a market cap of $268.13 million, a P/E ratio of 20.13 and a beta of 0.87. The company’s 50-day simple moving average is $38.27 and its 200 day simple moving average is $38.11.

About Fidelity U.S. Multifactor ETF

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.