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

Fidelity Quality Factor ETF (NYSEARCA:FQAL) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 22,342 shares, an increase of 707.4% from the June 30th total of 2,767 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 30,829 shares, the days-to-cover ratio is presently 0.7 days.

Fidelity Quality Factor ETF Stock Performance

Fidelity Quality Factor ETF stock opened at $81.54 on Monday. The firm has a market cap of $1.40 billion, a PE ratio of 25.46 and a beta of 0.94. The firm’s 50 day moving average price is $80.99 and its two-hundred day moving average price is $77.89. Fidelity Quality Factor ETF has a twelve month low of $69.85 and a twelve month high of $82.88.

Hedge Funds Weigh In On Fidelity Quality Factor ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Jane Street Group LLC raised its holdings in shares of Fidelity Quality Factor ETF by 5.9% during the first quarter. Jane Street Group LLC now owns 11,083 shares of the company’s stock worth $711,000 after acquiring an additional 621 shares in the last quarter. Creative Planning purchased a new position in Fidelity Quality Factor ETF in the second quarter valued at about $228,000. Flow Traders U.S. LLC purchased a new position in Fidelity Quality Factor ETF in the second quarter valued at about $230,000. Cerity Partners LLC grew its stake in Fidelity Quality Factor ETF by 70.4% in the second quarter. Cerity Partners LLC now owns 36,125 shares of the company’s stock valued at $2,515,000 after purchasing an additional 14,923 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its position in Fidelity Quality Factor ETF by 37.2% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,294 shares of the company’s stock worth $90,000 after purchasing an additional 351 shares during the last quarter.

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.