Fidelity Quality Factor ETF (NYSEARCA:FQAL) Sees Significant Growth in Short Interest

Fidelity Quality Factor ETF (NYSEARCA:FQALGet Free Report) saw a large increase in short interest in July. As of July 31st, there was short interest totaling 60,404 shares, an increase of 170.4% from the July 15th total of 22,342 shares. Based on an average daily volume of 45,942 shares, the short-interest ratio is presently 1.3 days. Currently, 0.4% of the shares of the stock are short sold.

Fidelity Quality Factor ETF Stock Performance

Shares of Fidelity Quality Factor ETF stock traded down $0.36 during midday trading on Friday, hitting $85.11. 14,916 shares of the company traded hands, compared to its average volume of 53,981. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 25.46 and a beta of 0.94. The firm’s fifty day moving average price is $81.88 and its 200-day moving average price is $78.64. Fidelity Quality Factor ETF has a 12 month low of $70.44 and a 12 month high of $85.56.

Institutional Trading of Fidelity Quality Factor ETF

A number of hedge funds and other institutional investors have recently modified their holdings of FQAL. Elyxium Wealth LLC bought a new position in shares of Fidelity Quality Factor ETF in the 4th quarter valued at $31,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Fidelity Quality Factor ETF during the 4th quarter worth $33,000. Raymond James Financial Inc. bought a new stake in Fidelity Quality Factor ETF during the 2nd quarter worth $33,000. Assetmark Inc. increased its holdings in Fidelity Quality Factor ETF by 120.7% in the 1st quarter. Assetmark Inc. now owns 587 shares of the company’s stock worth $43,000 after purchasing an additional 321 shares in the last quarter. Finally, Western Wealth Management LLC acquired a new position in Fidelity Quality Factor ETF in the 1st quarter worth about $46,000.

Fidelity Quality Factor ETF Company Profile

(Get Free Report)

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.

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