Fidelity Quality Factor ETF (NYSEARCA:FQAL) Short Interest Update

Fidelity Quality Factor ETF (NYSEARCA:FQAL) was the recipient of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 2,767 shares, a decline of 34.2% from the June 15th total of 4,208 shares. Based on an average daily volume of 29,971 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Fidelity Quality Factor ETF Stock Performance

FQAL stock opened at $82.58 on Friday. The stock’s 50 day moving average price is $80.74 and its 200 day moving average price is $77.65. The firm has a market cap of $1.43 billion, a P/E ratio of 25.46 and a beta of 0.94. Fidelity Quality Factor ETF has a 1 year low of $69.85 and a 1 year high of $82.88.

Institutional Trading of Fidelity Quality Factor ETF

Several institutional investors have recently made changes to their positions in FQAL. Jane Street Group LLC boosted its position in Fidelity Quality Factor ETF by 5.9% during the 1st quarter. Jane Street Group LLC now owns 11,083 shares of the company’s stock worth $711,000 after purchasing an additional 621 shares during the period. Creative Planning acquired a new stake in Fidelity Quality Factor ETF in the second quarter valued at $228,000. Flow Traders U.S. LLC acquired a new stake in shares of Fidelity Quality Factor ETF in the 2nd quarter valued at about $230,000. Cerity Partners LLC lifted its holdings in Fidelity Quality Factor ETF by 70.4% during the 2nd quarter. Cerity Partners LLC now owns 36,125 shares of the company’s stock worth $2,515,000 after buying an additional 14,923 shares during the last quarter. Finally, Qube Research & Technologies Ltd boosted its holdings in Fidelity Quality Factor ETF by 37.2% in the second quarter. Qube Research & Technologies Ltd now owns 1,294 shares of the company’s stock worth $90,000 after purchasing an additional 351 shares during the period.

About Fidelity Quality Factor ETF

The Fidelity Quality Factor ETF (FQAL) is an exchange-traded fund that is based on the Fidelity U.S. Quality Factor index. The fund tracks an index of fundamentally- selected large and mid- cap US companies that are weighted according to a tiered scheme. FQAL was launched on Sep 12, 2016 and is managed by Fidelity.