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

Fidelity Quality Factor ETF (NYSEARCA:FQAL) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 27,013 shares, an increase of 253.9% from the November 30th total of 7,632 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 36,939 shares, the short-interest ratio is presently 0.7 days. Based on an average daily volume of 36,939 shares, the short-interest ratio is presently 0.7 days. Approximately 0.2% of the shares of the stock are short sold.

Fidelity Quality Factor ETF Trading Up 0.3%

Fidelity Quality Factor ETF stock traded up $0.23 during midday trading on Thursday, hitting $76.69. 12,871 shares of the stock were exchanged, compared to its average volume of 39,085. The stock’s 50-day simple moving average is $75.08 and its 200 day simple moving average is $72.86. Fidelity Quality Factor ETF has a fifty-two week low of $56.05 and a fifty-two week high of $76.69. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 25.46 and a beta of 0.97.

Institutional Investors Weigh In On Fidelity Quality Factor ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Allworth Financial LP lifted its holdings in shares of Fidelity Quality Factor ETF by 0.4% in the 2nd quarter. Allworth Financial LP now owns 38,316 shares of the company’s stock worth $2,668,000 after acquiring an additional 141 shares during the last quarter. Spire Wealth Management raised its position in Fidelity Quality Factor ETF by 22.4% in the third quarter. Spire Wealth Management now owns 808 shares of the company’s stock valued at $60,000 after purchasing an additional 148 shares during the period. CIBC Private Wealth Group LLC lifted its stake in Fidelity Quality Factor ETF by 23.3% during the third quarter. CIBC Private Wealth Group LLC now owns 890 shares of the company’s stock worth $67,000 after purchasing an additional 168 shares in the last quarter. Valmark Advisers Inc. boosted its position in shares of Fidelity Quality Factor ETF by 1.1% during the third quarter. Valmark Advisers Inc. now owns 16,454 shares of the company’s stock worth $1,229,000 after buying an additional 171 shares during the period. Finally, IFP Advisors Inc boosted its position in shares of Fidelity Quality Factor ETF by 26.6% during the second quarter. IFP Advisors Inc now owns 923 shares of the company’s stock worth $64,000 after buying an additional 194 shares during the period.

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.