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

Fidelity Quality Factor ETF (NYSEARCA:FQAL) was the recipient of a large decline in short interest in May. As of May 29th, there was short interest totaling 2,567 shares, a decline of 94.0% from the May 14th total of 43,083 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 53,758 shares, the short-interest ratio is presently 0.0 days.

Fidelity Quality Factor ETF Trading Down 0.0%

Shares of FQAL traded down $0.03 during trading hours on Tuesday, hitting $80.00. The company had a trading volume of 36,927 shares, compared to its average volume of 61,028. The company has a market capitalization of $1.40 billion, a PE ratio of 25.46 and a beta of 0.95. Fidelity Quality Factor ETF has a one year low of $66.80 and a one year high of $81.74. The company’s fifty day moving average price is $78.13 and its two-hundred day moving average price is $76.60.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in FQAL. Jane Street Group LLC grew its stake 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 buying an additional 621 shares during the last quarter. Creative Planning purchased a new position in Fidelity Quality Factor ETF during the 2nd quarter worth $228,000. Flow Traders U.S. LLC purchased a new position in Fidelity Quality Factor ETF during the 2nd quarter worth $230,000. Cerity Partners LLC grew its stake 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 grew its stake in Fidelity Quality Factor ETF by 37.2% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,294 shares of the company’s stock worth $90,000 after buying an additional 351 shares during the last quarter.

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.