Fidelity Quality Factor ETF (NYSEARCA:FQAL) Stock Short Interest Report for October

Fidelity Quality Factor ETF (NYSEARCA:FQAL) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 148,796 shares, a growth of 4,353.6% from the September 30th total of 3,341 shares. Based on an average trading volume of 63,656 shares, the short-interest ratio is currently 2.3 days. Currently, 0.9% of the company’s shares are sold short.

Institutional Investors Weigh In On Fidelity Quality Factor ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Sigma Planning Corp acquired a new position in shares of Fidelity Quality Factor ETF in the 3rd quarter valued at $595,000. Colony Family Offices LLC grew its holdings in shares of Fidelity Quality Factor ETF by 6.2% during the 3rd quarter. Colony Family Offices LLC now owns 3,735 shares of the company’s stock worth $311,000 after purchasing an additional 217 shares during the period. Smith Chas P & Associates PA Cpas increased its position in shares of Fidelity Quality Factor ETF by 1.3% during the 3rd quarter. Smith Chas P & Associates PA Cpas now owns 179,629 shares of the company’s stock worth $15,161,000 after purchasing an additional 2,247 shares during the last quarter. Prime Capital Investment Advisors LLC increased its position in shares of Fidelity Quality Factor ETF by 29.7% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 18,115 shares of the company’s stock worth $1,508,000 after purchasing an additional 4,148 shares during the last quarter. Finally, CRA Financial Services LLC increased its position in shares of Fidelity Quality Factor ETF by 3.1% during the 3rd quarter. CRA Financial Services LLC now owns 8,400 shares of the company’s stock worth $699,000 after purchasing an additional 250 shares during the last quarter.

Fidelity Quality Factor ETF Price Performance

Fidelity Quality Factor ETF stock traded up $0.47 during mid-day trading on Monday, reaching $84.44. 305,115 shares of the company traded hands, compared to its average volume of 56,776. The firm’s fifty day moving average is $84.26 and its two-hundred day moving average is $81.81. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 25.46 and a beta of 0.94. Fidelity Quality Factor ETF has a fifty-two week low of $70.44 and a fifty-two week high of $85.56.

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.