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

Fidelity Quality Factor ETF (NYSEARCA:FQAL) saw a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 27,013 shares, an increase of 253.9% from the November 30th total of 7,632 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 36,939 shares, the short-interest ratio is presently 0.7 days. Based on an average daily trading volume, of 36,939 shares, the short-interest ratio is presently 0.7 days. Currently, 0.2% of the shares of the company are sold short.

Fidelity Quality Factor ETF Price Performance

Shares of NYSEARCA FQAL traded down $0.02 during midday trading on Friday, hitting $76.67. 12,015 shares of the company’s stock were exchanged, compared to its average volume of 38,975. Fidelity Quality Factor ETF has a twelve month low of $56.05 and a twelve month high of $76.77. The firm has a market cap of $1.17 billion, a P/E ratio of 25.46 and a beta of 0.97. The stock’s 50 day moving average price is $75.19 and its 200-day moving average price is $72.95.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Colony Family Offices LLC acquired a new position in shares of Fidelity Quality Factor ETF in the 2nd quarter valued at $239,000. Nwam LLC bought a new stake in Fidelity Quality Factor ETF in the second quarter valued at about $236,000. Envestnet Portfolio Solutions Inc. raised its position in Fidelity Quality Factor ETF by 11.9% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 23,330 shares of the company’s stock worth $1,624,000 after purchasing an additional 2,488 shares in the last quarter. Valmark Advisers Inc. lifted its stake in Fidelity Quality Factor ETF by 12.4% during the second quarter. Valmark Advisers Inc. now owns 16,283 shares of the company’s stock worth $1,134,000 after purchasing an additional 1,793 shares during the period. Finally, TD Waterhouse Canada Inc. lifted its stake in Fidelity Quality Factor ETF by 9.2% during the second quarter. TD Waterhouse Canada Inc. now owns 9,879 shares of the company’s stock worth $688,000 after purchasing an additional 831 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.