Fidelity U.S. Multifactor ETF (NYSEARCA:FLRG) Sees Significant Increase in Short Interest

Fidelity U.S. Multifactor ETF (NYSEARCA:FLRG) saw a large growth in short interest in January. As of January 30th, there was short interest totaling 27,876 shares, a growth of 30.5% from the January 15th total of 21,357 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average trading volume of 20,541 shares, the days-to-cover ratio is currently 1.4 days. Based on an average trading volume of 20,541 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.4% of the company’s stock are short sold.

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

A number of large investors have recently modified their holdings of the business. Goldman Sachs Group Inc. increased its position 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 acquiring an additional 35,532 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in Fidelity U.S. Multifactor ETF by 93.5% in the second quarter. Envestnet Asset Management Inc. now owns 13,597 shares of the company’s stock valued at $489,000 after purchasing an additional 6,569 shares in the last quarter. World Investment Advisors increased its position in shares of Fidelity U.S. Multifactor ETF by 10.8% during the 2nd quarter. World Investment Advisors now owns 34,925 shares of the company’s stock worth $1,255,000 after purchasing an additional 3,400 shares during the last quarter. AE Wealth Management LLC raised its stake in shares of Fidelity U.S. Multifactor ETF by 16.1% during the 2nd quarter. AE Wealth Management LLC now owns 1,531,499 shares of the company’s stock worth $55,051,000 after purchasing an additional 212,159 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of Fidelity U.S. Multifactor ETF by 7.4% during the 2nd quarter. Cetera Investment Advisers now owns 48,318 shares of the company’s stock worth $1,737,000 after purchasing an additional 3,326 shares in the last quarter.

Fidelity U.S. Multifactor ETF Price Performance

Shares of FLRG stock opened at $38.13 on Wednesday. The company’s fifty day simple moving average is $38.36 and its 200-day simple moving average is $37.95. The firm has a market cap of $274.54 million, a PE ratio of 20.13 and a beta of 0.87. Fidelity U.S. Multifactor ETF has a 12 month low of $28.97 and a 12 month high of $38.97.

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.