Short Interest in Fidelity Quality Factor ETF (NYSEARCA:FQAL) Decreases By 88.8%

Fidelity Quality Factor ETF (NYSEARCA:FQAL) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 6,115 shares, a drop of 88.8% from the August 15th total of 54,529 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 35,511 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of Fidelity Quality Factor ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its stake in Fidelity Quality Factor ETF by 6,154.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,624,514 shares of the company’s stock valued at $122,797,000 after purchasing an additional 1,598,541 shares during the last quarter. Kestra Advisory Services LLC raised its stake in shares of 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 worth $65,326,000 after purchasing an additional 226,425 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Fidelity Quality Factor ETF by 0.7% during the fourth quarter. JPMorgan Chase & Co. now owns 247,976 shares of the company’s stock worth $18,745,000 after purchasing an additional 1,688 shares during the period. Smith Chas P & Associates PA Cpas lifted its holdings in shares of Fidelity Quality Factor ETF by 32.9% during the fourth quarter. Smith Chas P & Associates PA Cpas now owns 179,903 shares of the company’s stock worth $13,599,000 after purchasing an additional 44,528 shares during the period. Finally, Cetera Investment Advisers boosted its position in Fidelity Quality Factor ETF by 2.8% in the first quarter. Cetera Investment Advisers now owns 171,126 shares of the company’s stock valued at $12,424,000 after buying an additional 4,644 shares during the last quarter.

Fidelity Quality Factor ETF Stock Down 0.5%

Shares of FQAL traded down $0.43 during trading hours on Thursday, reaching $83.04. 25,066 shares of the company traded hands, compared to its average volume of 51,633. The stock has a market capitalization of $1.43 billion, a P/E ratio of 25.46 and a beta of 0.94. Fidelity Quality Factor ETF has a 12-month low of $70.44 and a 12-month high of $85.56. The business has a fifty day moving average price of $83.38 and a 200-day moving average price of $79.69.

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.