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

by · The Markets Daily

Fidelity Quality Factor ETF (NYSEARCA:FQAL – Get Free Report) was the recipient of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 3,725 shares, a decrease of 39.1% from the August 31st total of 6,115 shares. Based on an average trading volume of 27,264 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Hedge Funds Weigh In On Fidelity Quality Factor ETF

Several institutional investors have recently added to or reduced their stakes in FQAL. Envestnet Portfolio Solutions Inc. grew its stake in Fidelity Quality Factor ETF by 1.3% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 18,353 shares of the company’s stock worth $1,493,000 after buying an additional 230 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Fidelity Quality Factor ETF by 3.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,373,752 shares of the company’s stock worth $111,770,000 after acquiring an additional 50,502 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of Fidelity Quality Factor ETF by 2.6% in the 2nd quarter. NewEdge Advisors LLC now owns 26,850 shares of the company’s stock worth $2,185,000 after acquiring an additional 689 shares in the last quarter. IFP Advisors Inc grew its position in Fidelity Quality Factor ETF by 7.6% during the 2nd quarter. IFP Advisors Inc now owns 15,838 shares of the company’s stock worth $1,289,000 after acquiring an additional 1,112 shares during the last quarter. Finally, Allworth Financial LP grew its position in Fidelity Quality Factor ETF by 0.8% during the 2nd quarter. Allworth Financial LP now owns 38,872 shares of the company’s stock worth $3,163,000 after acquiring an additional 296 shares during the last quarter.

Fidelity Quality Factor ETF Stock Performance

Shares of NYSEARCA:FQAL traded up $0.18 on Thursday, hitting $83.43. The stock had a trading volume of 24,595 shares, compared to its average volume of 50,889. Fidelity Quality Factor ETF has a twelve month low of $70.44 and a twelve month high of $85.56. The firm’s 50 day moving average price is $83.87 and its 200-day moving average price is $80.42. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 25.46 and a beta of 0.94.

Fidelity Quality Factor ETF Company Profile

(Get Free Report)

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.

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