Fidelity Quality Factor ETF (NYSEARCA:FQAL) Sees Significant Decrease in Short Interest

Fidelity Quality Factor ETF (NYSEARCA:FQAL) was the target of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 2,767 shares, a drop of 34.2% from the June 15th total of 4,208 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 29,971 shares, the days-to-cover ratio is currently 0.1 days.

Fidelity Quality Factor ETF Stock Performance

Shares of NYSEARCA:FQAL opened at $82.58 on Friday. Fidelity Quality Factor ETF has a fifty-two week low of $69.85 and a fifty-two week high of $82.88. The company’s 50-day moving average is $80.74 and its 200 day moving average is $77.65. The company has a market capitalization of $1.43 billion, a P/E ratio of 25.46 and a beta of 0.94.

Institutional Trading of Fidelity Quality Factor ETF

A number of institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its position in shares of 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 acquiring an additional 1,598,541 shares during the period. JPMorgan Chase & Co. lifted its holdings in Fidelity Quality Factor ETF by 7.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 246,288 shares of the company’s stock worth $18,403,000 after purchasing an additional 17,304 shares in the last quarter. CRA Financial Services LLC bought a new stake in Fidelity Quality Factor ETF in the 4th quarter valued at $620,000. Fullerton Advisors LLC purchased a new stake in shares of Fidelity Quality Factor ETF in the fourth quarter worth about $3,335,000. Finally, Silver Oak Securities Incorporated raised its holdings in shares of Fidelity Quality Factor ETF by 318.3% during the 4th quarter. Silver Oak Securities Incorporated now owns 26,853 shares of the company’s stock worth $2,046,000 after acquiring an additional 20,433 shares in the last quarter.

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.