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

Fidelity Quality Factor ETF (NYSEARCA:FQAL) was the target of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 57,117 shares, a growth of 1,039.2% from the February 26th total of 5,014 shares. Based on an average daily volume of 67,836 shares, the short-interest ratio is presently 0.8 days. Approximately 0.4% of the shares of the company are short sold.

Institutional Investors Weigh In On Fidelity Quality Factor ETF

Several hedge funds have recently modified their holdings of the business. Elyxium Wealth LLC acquired a new position in Fidelity Quality Factor ETF during the 4th quarter valued at $31,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Fidelity Quality Factor ETF in the 4th quarter worth $33,000. Raymond James Financial Inc. acquired a new stake in Fidelity Quality Factor ETF in the 2nd quarter worth $33,000. Cornerstone Planning Group LLC bought a new position in shares of Fidelity Quality Factor ETF during the 3rd quarter worth about $38,000. Finally, Spire Wealth Management increased its holdings in shares of Fidelity Quality Factor ETF by 22.4% during the 3rd 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.

Fidelity Quality Factor ETF Trading Down 1.4%

NYSEARCA:FQAL traded down $1.05 during mid-day trading on Thursday, hitting $71.98. 104,742 shares of the company’s stock traded hands, compared to its average volume of 53,860. The firm has a 50 day moving average of $75.92 and a two-hundred day moving average of $75.34. Fidelity Quality Factor ETF has a 12 month low of $56.05 and a 12 month high of $77.58. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 25.46 and a beta of 0.97.

Fidelity Quality Factor ETF Company Profile

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.