Short Interest in Fidelity Quality Factor ETF (NYSEARCA:FQAL) Increases By 253.9%

Fidelity Quality Factor ETF (NYSEARCA:FQAL) was the target of a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 27,013 shares, an increase of 253.9% from the November 30th total of 7,632 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 36,939 shares, the short-interest ratio is presently 0.7 days. Based on an average trading volume of 36,939 shares, the short-interest ratio is presently 0.7 days. Approximately 0.2% of the shares of the company are sold short.

Fidelity Quality Factor ETF Trading Up 0.3%

FQAL stock traded up $0.23 on Thursday, hitting $76.69. The company’s stock had a trading volume of 12,871 shares, compared to its average volume of 39,085. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 25.46 and a beta of 0.97. The firm has a 50 day moving average of $75.08 and a two-hundred day moving average of $72.86. Fidelity Quality Factor ETF has a 1 year low of $56.05 and a 1 year high of $76.69.

Institutional Investors Weigh In On Fidelity Quality Factor ETF

Several hedge funds have recently made changes to their positions in FQAL. Envestnet Asset Management Inc. increased its position in Fidelity Quality Factor ETF by 5.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,156,911 shares of the company’s stock valued at $86,444,000 after acquiring an additional 55,097 shares during the period. Raymond James Financial Inc. lifted its position in Fidelity Quality Factor ETF by 11,469.7% during the 3rd quarter. Raymond James Financial Inc. now owns 55,303 shares of the company’s stock worth $4,132,000 after acquiring an additional 54,825 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Fidelity Quality Factor ETF by 29.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 228,984 shares of the company’s stock valued at $15,944,000 after purchasing an additional 51,744 shares during the last quarter. Keystone Wealth Services LLC increased its holdings in shares of Fidelity Quality Factor ETF by 804.7% in the third quarter. Keystone Wealth Services LLC now owns 50,652 shares of the company’s stock valued at $3,785,000 after purchasing an additional 45,053 shares during the period. Finally, LVZ Inc. purchased a new stake in shares of Fidelity Quality Factor ETF during the second quarter worth approximately $1,807,000.

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.