Fidelity Quality Factor ETF (NYSEARCA:FQAL) Short Interest Down 34.2% in June

Fidelity Quality Factor ETF (NYSEARCA:FQAL) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 2,767 shares, a decrease of 34.2% from the June 15th total of 4,208 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 29,971 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Fidelity Quality Factor ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. raised its holdings in Fidelity Quality Factor ETF by 6,154.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,624,514 shares of the company’s stock worth $122,797,000 after purchasing an additional 1,598,541 shares during the last quarter. Kestra Advisory Services LLC grew its holdings in Fidelity Quality Factor ETF by 33.6% in the first 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 last quarter. Principal Securities Inc. grew its holdings in Fidelity Quality Factor ETF by 3,701.5% in the fourth quarter. Principal Securities Inc. now owns 109,218 shares of the company’s stock valued at $8,256,000 after purchasing an additional 106,345 shares during the last quarter. Raymond James Financial Inc. increased its position in shares of Fidelity Quality Factor ETF by 11,469.7% in the third quarter. Raymond James Financial Inc. now owns 55,303 shares of the company’s stock valued at $4,132,000 after buying an additional 54,825 shares in the last quarter. Finally, Smith Chas P & Associates PA Cpas increased its position in shares of Fidelity Quality Factor ETF by 32.9% in the fourth quarter. Smith Chas P & Associates PA Cpas now owns 179,903 shares of the company’s stock valued at $13,599,000 after buying an additional 44,528 shares in the last quarter.

Fidelity Quality Factor ETF Price Performance

FQAL opened at $81.86 on Friday. Fidelity Quality Factor ETF has a 12 month low of $69.85 and a 12 month high of $82.88. The stock has a market capitalization of $1.42 billion, a P/E ratio of 25.46 and a beta of 0.94. The business has a 50 day simple moving average of $80.79 and a 200-day simple moving average of $77.67.

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.