Short Interest in Fidelity Quality Factor ETF (NYSEARCA:FQAL) Declines By 87.9%

Fidelity Quality Factor ETF (NYSEARCA:FQAL) was the target of a large drop in short interest in February. As of February 27th, there was short interest totaling 5,014 shares, a drop of 87.9% from the February 12th total of 41,462 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 27,768 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 27,768 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the company’s stock are sold short.

Hedge Funds Weigh In On Fidelity Quality Factor ETF

Several hedge funds and other institutional investors have recently bought and sold shares of FQAL. Jane Street Group LLC grew its stake in shares of Fidelity Quality Factor ETF by 5.9% in the first quarter. Jane Street Group LLC now owns 11,083 shares of the company’s stock worth $711,000 after acquiring an additional 621 shares during the period. Bank of Montreal Can lifted its position in Fidelity Quality Factor ETF by 6.0% during the second quarter. Bank of Montreal Can now owns 3,764 shares of the company’s stock valued at $262,000 after purchasing an additional 214 shares during the period. Allworth Financial LP boosted its holdings in Fidelity Quality Factor ETF by 0.4% in the second quarter. Allworth Financial LP now owns 38,316 shares of the company’s stock worth $2,668,000 after purchasing an additional 141 shares during the last quarter. Nwam LLC bought a new stake in Fidelity Quality Factor ETF in the 2nd quarter worth approximately $236,000. Finally, Foundations Investment Advisors LLC grew its position in Fidelity Quality Factor ETF by 28.4% in the 2nd quarter. Foundations Investment Advisors LLC now owns 17,857 shares of the company’s stock worth $1,243,000 after purchasing an additional 3,952 shares during the period.

Fidelity Quality Factor ETF Stock Performance

Shares of FQAL stock traded down $0.32 during mid-day trading on Wednesday, hitting $75.39. The company’s stock had a trading volume of 72,909 shares, compared to its average volume of 35,719. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 25.46 and a beta of 0.97. Fidelity Quality Factor ETF has a 52-week low of $56.05 and a 52-week high of $77.58. The business has a 50-day moving average price of $76.49 and a 200 day moving average price of $75.28.

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.