Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) Short Interest Down 66.4% in July

Fidelity Low Volatility Factor ETF (NYSEARCA:FDLO) saw a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 5,604 shares, a drop of 66.4% from the June 30th total of 16,657 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 38,063 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in FDLO. Maseco LLP purchased a new stake in shares of Fidelity Low Volatility Factor ETF during the 4th quarter valued at $25,000. Allworth Financial LP boosted its position in shares of Fidelity Low Volatility Factor ETF by 460.8% in the 3rd quarter. Allworth Financial LP now owns 415 shares of the company’s stock worth $27,000 after purchasing an additional 341 shares in the last quarter. Legacy Wealth Managment LLC ID purchased a new position in Fidelity Low Volatility Factor ETF during the 4th quarter worth $31,000. Ankerstar Wealth LLC purchased a new position in Fidelity Low Volatility Factor ETF during the 4th quarter worth $32,000. Finally, CoreCap Advisors LLC acquired a new position in Fidelity Low Volatility Factor ETF during the 2nd quarter valued at about $40,000.

Fidelity Low Volatility Factor ETF Stock Up 1.2%

Shares of NYSEARCA:FDLO opened at $70.10 on Friday. The firm has a 50 day moving average of $69.48 and a 200 day moving average of $68.12. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 24.34 and a beta of 0.77. Fidelity Low Volatility Factor ETF has a 52 week low of $62.23 and a 52 week high of $70.71.

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.