Fidelity Quality Factor ETF (NYSEARCA:FQAL) Short Interest Update

Fidelity Quality Factor ETF (NYSEARCA:FQAL) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totaling 6,115 shares, a decline of 88.8% from the August 15th total of 54,529 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 35,511 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. CIBC Private Wealth Group LLC boosted its holdings in Fidelity Quality Factor ETF by 23.3% in the third quarter. CIBC Private Wealth Group LLC now owns 890 shares of the company’s stock worth $67,000 after acquiring an additional 168 shares in the last quarter. Lido Advisors LLC increased its holdings in shares of Fidelity Quality Factor ETF by 1.1% during the third quarter. Lido Advisors LLC now owns 19,232 shares of the company’s stock valued at $1,437,000 after acquiring an additional 200 shares in the last quarter. Cullen Frost Bankers Inc. raised its position in shares of Fidelity Quality Factor ETF by 3.0% in the 4th quarter. Cullen Frost Bankers Inc. now owns 7,557 shares of the company’s stock valued at $571,000 after purchasing an additional 219 shares during the last quarter. TD Waterhouse Canada Inc. raised its position in shares of Fidelity Quality Factor ETF by 2.4% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 11,236 shares of the company’s stock valued at $913,000 after purchasing an additional 262 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in Fidelity Quality Factor ETF by 11.7% in the 1st quarter. Royal Bank of Canada now owns 2,782 shares of the company’s stock worth $202,000 after purchasing an additional 292 shares in the last quarter.

Fidelity Quality Factor ETF Trading Down 0.5%

Shares of FQAL stock traded down $0.43 during trading hours on Thursday, reaching $83.04. 25,066 shares of the company’s stock were exchanged, compared to its average volume of 51,633. Fidelity Quality Factor ETF has a fifty-two week low of $70.44 and a fifty-two week high of $85.56. The stock’s 50 day moving average is $83.38 and its 200-day moving average is $79.69. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 25.46 and a beta of 0.94.

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.