Fidelity Quality Factor ETF (NYSEARCA:FQAL) Short Interest Down 94.0% in May

Fidelity Quality Factor ETF (NYSEARCA:FQAL) saw a large decrease in short interest in May. As of May 29th, there was short interest totaling 2,567 shares, a decrease of 94.0% from the May 14th total of 43,083 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 53,758 shares, the days-to-cover ratio is presently 0.0 days.

Fidelity Quality Factor ETF Trading Down 0.8%

Shares of FQAL stock traded down $0.63 during trading on Wednesday, reaching $79.37. 10,169 shares of the company’s stock traded hands, compared to its average volume of 60,564. The company has a market capitalization of $1.39 billion, a P/E ratio of 25.46 and a beta of 0.95. The firm’s 50-day moving average is $78.13 and its 200 day moving average is $76.60. Fidelity Quality Factor ETF has a 1 year low of $66.80 and a 1 year high of $81.74.

Institutional Trading of Fidelity Quality Factor ETF

A number of institutional investors have recently modified their holdings of the business. DecisionMap Wealth Management LLC lifted its stake in shares of Fidelity Quality Factor ETF by 5.4% during the 4th quarter. DecisionMap Wealth Management LLC now owns 2,962 shares of the company’s stock valued at $224,000 after buying an additional 151 shares in the last quarter. CIBC Private Wealth Group LLC lifted its stake in shares of Fidelity Quality Factor ETF by 23.3% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 890 shares of the company’s stock valued at $67,000 after buying an additional 168 shares in the last quarter. Savvy Advisors Inc. lifted its stake in shares of Fidelity Quality Factor ETF by 1.7% during the 4th quarter. Savvy Advisors Inc. now owns 10,831 shares of the company’s stock valued at $819,000 after buying an additional 180 shares in the last quarter. Lido Advisors LLC increased its holdings in Fidelity Quality Factor ETF by 1.1% during the 3rd quarter. Lido Advisors LLC now owns 19,232 shares of the company’s stock worth $1,437,000 after acquiring an additional 200 shares during the period. Finally, Cullen Frost Bankers Inc. increased its holdings in Fidelity Quality Factor ETF by 3.0% during the 4th quarter. Cullen Frost Bankers Inc. now owns 7,557 shares of the company’s stock worth $571,000 after acquiring an additional 219 shares during the period.

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.