Fidelity Quality Factor ETF (NYSEARCA:FQAL) Short Interest Down 80.1% in August

Fidelity Quality Factor ETF (NYSEARCA:FQAL) saw a large decrease in short interest in August. As of August 31st, there was short interest totaling 7,500 shares, a decrease of 80.1% from the August 15th total of 37,600 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 35,000 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 35,000 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of FQAL. Raymond James Financial Inc. purchased a new position in shares of Fidelity Quality Factor ETF during the 2nd quarter worth about $33,000. Iron Horse Wealth Management LLC purchased a new position in shares of Fidelity Quality Factor ETF during the 1st quarter worth about $56,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Fidelity Quality Factor ETF during the 2nd quarter worth about $61,000. IFP Advisors Inc lifted its holdings in shares of Fidelity Quality Factor ETF by 26.6% during the 2nd quarter. IFP Advisors Inc now owns 923 shares of the company’s stock worth $64,000 after acquiring an additional 194 shares during the period. Finally, Clarity Asset Management Inc. lifted its holdings in shares of Fidelity Quality Factor ETF by 99.6% during the 1st quarter. Clarity Asset Management Inc. now owns 1,056 shares of the company’s stock worth $68,000 after acquiring an additional 527 shares during the period.

Fidelity Quality Factor ETF Trading Down 0.2%

NYSEARCA:FQAL opened at $73.95 on Friday. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 25.46 and a beta of 0.98. The company’s 50-day moving average is $71.67 and its two-hundred day moving average is $67.49. Fidelity Quality Factor ETF has a 12-month low of $56.05 and a 12-month high of $74.20.

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.