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

Fidelity Quality Factor ETF (NYSEARCA:FQAL) was the target of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 3,725 shares, a decrease of 39.1% from the August 31st total of 6,115 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 27,264 shares, the short-interest ratio is presently 0.1 days.

Fidelity Quality Factor ETF Price Performance

Fidelity Quality Factor ETF stock traded up $0.24 during trading hours on Friday, reaching $83.67. The stock had a trading volume of 15,599 shares, compared to its average volume of 50,688. The stock has a market cap of $1.42 billion, a PE ratio of 25.46 and a beta of 0.94. Fidelity Quality Factor ETF has a 52 week low of $70.44 and a 52 week high of $85.56. The company has a fifty day simple moving average of $83.92 and a 200-day simple moving average of $80.49.

Institutional Trading of Fidelity Quality Factor ETF

Several large investors have recently modified their holdings of FQAL. Northwestern Mutual Wealth Management Co. lifted its stake in Fidelity Quality Factor ETF by 200.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 78,050 shares of the company’s stock worth $5,900,000 after acquiring an additional 52,077 shares during the period. Kestra Advisory Services LLC increased its position in Fidelity Quality Factor ETF by 33.6% during the 1st quarter. Kestra Advisory Services LLC now owns 899,808 shares of the company’s stock valued at $65,326,000 after purchasing an additional 226,425 shares during the period. Envestnet Asset Management Inc. raised its holdings in Fidelity Quality Factor ETF by 3.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,373,752 shares of the company’s stock worth $111,770,000 after purchasing an additional 50,502 shares in the last quarter. Sovran Advisors LLC bought a new position in Fidelity Quality Factor ETF in the 1st quarter worth $1,137,000. Finally, ShoreHaven Wealth Partners LLC purchased a new stake in shares of Fidelity Quality Factor ETF in the 4th quarter worth about $221,000.

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.