Fidelity Quality Factor ETF (NYSEARCA:FQAL – Get Free Report) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 60,404 shares, a growth of 170.4% from the July 15th total of 22,342 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 45,942 shares, the short-interest ratio is presently 1.3 days.
Fidelity Quality Factor ETF Trading Up 0.6%
NYSEARCA:FQAL opened at $85.47 on Friday. The company has a market cap of $1.47 billion, a P/E ratio of 25.46 and a beta of 0.94. Fidelity Quality Factor ETF has a twelve month low of $70.44 and a twelve month high of $85.56. The company’s 50-day moving average price is $81.78 and its 200-day moving average price is $78.59.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Elyxium Wealth LLC acquired a new position in shares of Fidelity Quality Factor ETF during the 4th quarter worth approximately $31,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Fidelity Quality Factor ETF during the fourth quarter worth approximately $33,000. Raymond James Financial Inc. acquired a new position in Fidelity Quality Factor ETF during the second quarter worth $33,000. Assetmark Inc. boosted its stake in Fidelity Quality Factor ETF by 120.7% during the first quarter. Assetmark Inc. now owns 587 shares of the company’s stock worth $43,000 after buying an additional 321 shares during the last quarter. Finally, Western Wealth Management LLC purchased a new position in Fidelity Quality Factor ETF during the first quarter worth about $46,000.
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.
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