Fidelity Quality Factor ETF (NYSEARCA:FQAL) Short Interest Update

Fidelity Quality Factor ETF (NYSEARCA:FQAL) was the target of a significant drop in short interest in the month of April. As of April 15th, there was short interest totaling 43,542 shares, a drop of 22.8% from the March 31st total of 56,420 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 71,240 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of Fidelity Quality Factor ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Bryant Woods Investment Advisors LLC purchased a new position in Fidelity Quality Factor ETF in the first quarter valued at about $277,000. World Investment Advisors raised its holdings in Fidelity Quality Factor ETF by 10.0% during the first quarter. World Investment Advisors now owns 6,625 shares of the company’s stock valued at $481,000 after buying an additional 600 shares in the last quarter. RCS Financial Planning LLC acquired a new position in shares of Fidelity Quality Factor ETF during the 1st quarter valued at about $440,000. Kestra Private Wealth Services LLC raised its position in shares of Fidelity Quality Factor ETF by 4.2% in the first quarter. Kestra Private Wealth Services LLC now owns 65,682 shares of the company’s stock valued at $4,769,000 after purchasing an additional 2,671 shares during the period. Finally, Breakwater Capital Group raised its holdings in Fidelity Quality Factor ETF by 23.3% in the 1st quarter. Breakwater Capital Group now owns 12,842 shares of the company’s stock worth $932,000 after acquiring an additional 2,430 shares during the period.

Fidelity Quality Factor ETF Price Performance

Fidelity Quality Factor ETF stock traded down $0.31 during trading hours on Wednesday, hitting $77.45. The company had a trading volume of 19,533 shares, compared to its average volume of 67,041. The firm has a market capitalization of $1.36 billion, a P/E ratio of 25.46 and a beta of 0.97. The firm’s fifty day moving average is $75.34 and its 200-day moving average is $75.53. Fidelity Quality Factor ETF has a fifty-two week low of $62.22 and a fifty-two week high of $78.29.

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.