Fidelity Quality Factor ETF (NYSEARCA:FQAL) Sees Significant Decline in Short Interest

Fidelity Quality Factor ETF (NYSEARCA:FQAL) saw a significant drop in short interest in September. As of September 15th, there was short interest totaling 3,725 shares, a drop of 39.1% from the August 31st total of 6,115 shares. Based on an average daily trading volume, of 27,264 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Fidelity Quality Factor ETF Trading Up 0.2%

Shares of Fidelity Quality Factor ETF stock traded up $0.18 during trading on Thursday, reaching $83.43. The company’s stock had a trading volume of 24,595 shares, compared to its average volume of 50,889. The stock has a 50-day moving average price of $83.87 and a two-hundred day moving average price of $80.42. The stock has a market capitalization of $1.42 billion, a P/E ratio of 25.46 and a beta of 0.94. Fidelity Quality Factor ETF has a one year low of $70.44 and a one year high of $85.56.

Hedge Funds Weigh In On Fidelity Quality Factor ETF

A number of institutional investors have recently modified their holdings of the stock. Assetmark Inc. lifted its position in shares of Fidelity Quality Factor ETF by 120.7% during the first quarter. Assetmark Inc. now owns 587 shares of the company’s stock worth $43,000 after purchasing an additional 321 shares in the last quarter. Western Wealth Management LLC acquired a new stake in shares of Fidelity Quality Factor ETF in the first quarter valued at approximately $46,000. Royal Bank of Canada increased its holdings in shares of Fidelity Quality Factor ETF by 11.7% in the first quarter. Royal Bank of Canada now owns 2,782 shares of the company’s stock valued at $202,000 after purchasing an additional 292 shares in the last quarter. Avise Financial Cooperative Inc. bought a new position in Fidelity Quality Factor ETF in the 4th quarter worth approximately $212,000. Finally, ShoreHaven Wealth Partners LLC bought a new position in Fidelity Quality Factor ETF in the 4th quarter worth approximately $221,000.

Fidelity Quality Factor ETF Company Profile

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.