Short Interest in Fidelity Quality Factor ETF (NYSEARCA:FQAL) Increases By 1,039.2%

Fidelity Quality Factor ETF (NYSEARCA:FQAL) was the target of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 57,117 shares, an increase of 1,039.2% from the February 26th total of 5,014 shares. Based on an average daily trading volume, of 67,836 shares, the short-interest ratio is currently 0.8 days. Currently, 0.4% of the shares of the company are short sold. Currently, 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 67,836 shares, the short-interest ratio is currently 0.8 days.

Hedge Funds Weigh In On Fidelity Quality Factor ETF

A number of institutional investors have recently bought and sold shares of FQAL. J.W. Cole Advisors Inc. bought a new stake in Fidelity Quality Factor ETF during the second quarter valued at about $539,000. TD Waterhouse Canada Inc. boosted its stake in shares of Fidelity Quality Factor ETF by 9.2% in the second quarter. TD Waterhouse Canada Inc. now owns 9,879 shares of the company’s stock worth $688,000 after acquiring an additional 831 shares during the period. Savvy Advisors Inc. bought a new position in shares of Fidelity Quality Factor ETF in the third quarter worth about $796,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Fidelity Quality Factor ETF during the second quarter worth about $1,079,000. Finally, High Probability Advisors LLC grew its position in shares of Fidelity Quality Factor ETF by 3.0% during the third quarter. High Probability Advisors LLC now owns 303,348 shares of the company’s stock worth $22,666,000 after purchasing an additional 8,840 shares in the last quarter.

Fidelity Quality Factor ETF Stock Down 0.5%

FQAL traded down $0.33 during trading on Tuesday, hitting $72.71. The company’s stock had a trading volume of 181,683 shares, compared to its average volume of 51,609. The business’s 50 day simple moving average is $75.99 and its 200-day simple moving average is $75.36. The firm has a market cap of $1.11 billion, a PE ratio of 25.46 and a beta of 0.97. Fidelity Quality Factor ETF has a one year low of $56.05 and a one year high of $77.58.

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.