Short Interest in Fidelity Quality Factor ETF (NYSEARCA:FQAL) Decreases By 44.5%

Fidelity Quality Factor ETF (NYSEARCA:FQAL) was the target of a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 17,773 shares, a decrease of 44.5% from the December 31st total of 32,000 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 27,170 shares, the short-interest ratio is presently 0.7 days. Based on an average daily trading volume, of 27,170 shares, the short-interest ratio is presently 0.7 days. Approximately 0.1% of the company’s shares are sold short.

Fidelity Quality Factor ETF Trading Down 0.6%

Fidelity Quality Factor ETF stock traded down $0.47 during trading hours on Friday, hitting $76.71. 39,000 shares of the stock traded hands, compared to its average volume of 35,965. Fidelity Quality Factor ETF has a one year low of $56.05 and a one year high of $77.45. The firm’s 50-day moving average price is $76.08 and its two-hundred day moving average price is $74.31. The company has a market cap of $1.17 billion, a PE ratio of 25.46 and a beta of 0.97.

Institutional Trading of Fidelity Quality Factor ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Colony Family Offices LLC purchased a new stake in shares of Fidelity Quality Factor ETF during the second quarter valued at approximately $239,000. J.W. Cole Advisors Inc. bought a new position in shares of Fidelity Quality Factor ETF during the second quarter valued at $539,000. Nwam LLC bought a new stake in Fidelity Quality Factor ETF in the 2nd quarter worth about $236,000. PKS Advisory Services LLC lifted its stake in Fidelity Quality Factor ETF by 5.1% during the 2nd quarter. PKS Advisory Services LLC now owns 19,979 shares of the company’s stock valued at $1,391,000 after acquiring an additional 977 shares during the period. Finally, Envestnet Portfolio Solutions Inc. grew its stake in shares of Fidelity Quality Factor ETF by 11.9% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 23,330 shares of the company’s stock worth $1,624,000 after acquiring an additional 2,488 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.