Short Interest in Fidelity Quality Factor ETF (NYSEARCA:FQAL) Declines By 44.5%

Fidelity Quality Factor ETF (NYSEARCA:FQAL) was the target of a large decrease in short interest in January. As of January 15th, there was short interest totaling 17,773 shares, a decrease of 44.5% from the December 31st total of 32,000 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 27,170 shares, the days-to-cover ratio is currently 0.7 days. Based on an average trading volume of 27,170 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new position in Fidelity Quality Factor ETF during the 2nd quarter valued at about $33,000. Cornerstone Planning Group LLC purchased a new stake in shares of Fidelity Quality Factor ETF in the third quarter worth approximately $38,000. Spire Wealth Management boosted its holdings in shares of Fidelity Quality Factor ETF by 22.4% during the third quarter. Spire Wealth Management now owns 808 shares of the company’s stock worth $60,000 after purchasing an additional 148 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new position in Fidelity Quality Factor ETF during the second quarter valued at approximately $61,000. Finally, IFP Advisors Inc grew its position in Fidelity Quality Factor ETF by 26.6% during the second quarter. IFP Advisors Inc now owns 923 shares of the company’s stock valued at $64,000 after purchasing an additional 194 shares in the last quarter.

Fidelity Quality Factor ETF Price Performance

NYSEARCA FQAL traded down $0.47 on Friday, hitting $76.71. 39,000 shares of the stock were exchanged, compared to its average volume of 35,965. The company’s 50-day moving average price is $76.08 and its two-hundred day moving average price is $74.28. Fidelity Quality Factor ETF has a 52-week low of $56.05 and a 52-week high of $77.45. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 25.46 and a beta of 0.97.

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.