Fidelity Quality Factor ETF (NYSEARCA:FQAL) Stock Short Interest Climbs 4,353.6%

Fidelity Quality Factor ETF (NYSEARCA:FQAL) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 148,796 shares, an increase of 4,353.6% from the September 30th total of 3,341 shares. Approximately 0.9% of the shares of the company are sold short. Based on an average trading volume of 63,656 shares, the short-interest ratio is presently 2.3 days.

Institutional Investors Weigh In On Fidelity Quality Factor ETF

Several institutional investors have recently modified their holdings of FQAL. Colony Family Offices LLC increased its stake in Fidelity Quality Factor ETF by 6.2% during the 3rd quarter. Colony Family Offices LLC now owns 3,735 shares of the company’s stock valued at $311,000 after purchasing an additional 217 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Fidelity Quality Factor ETF by 1.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 18,353 shares of the company’s stock valued at $1,493,000 after acquiring an additional 230 shares in the last quarter. CRA Financial Services LLC boosted its position in Fidelity Quality Factor ETF by 3.1% in the third quarter. CRA Financial Services LLC now owns 8,400 shares of the company’s stock worth $699,000 after purchasing an additional 250 shares during the last quarter. TD Waterhouse Canada Inc. raised its stake in shares of Fidelity Quality Factor ETF by 2.4% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 11,236 shares of the company’s stock worth $913,000 after purchasing an additional 262 shares during the period. Finally, Royal Bank of Canada boosted its holdings in shares of 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 buying an additional 292 shares during the last quarter.

Fidelity Quality Factor ETF Stock Down 0.4%

FQAL traded down $0.33 on Tuesday, hitting $84.11. 2,991 shares of the company traded hands, compared to its average volume of 56,514. The company has a 50 day moving average of $84.25 and a 200-day moving average of $79.91. The stock has a market capitalization of $1.44 billion, a PE ratio of 25.46 and a beta of 0.94. Fidelity Quality Factor ETF has a 12-month low of $70.44 and a 12-month high of $85.56.

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.