Short Interest in Fidelity Quality Factor ETF (NYSEARCA:FQAL) Expands By 112.5%

Fidelity Quality Factor ETF (NYSEARCA:FQAL) was the target of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 37,762 shares, an increase of 112.5% from the January 15th total of 17,773 shares. Based on an average daily trading volume, of 44,850 shares, the short-interest ratio is currently 0.8 days. Currently, 0.2% of the company’s stock are short sold. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 44,850 shares, the short-interest ratio is currently 0.8 days.

Hedge Funds Weigh In On Fidelity Quality Factor ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. J.W. Cole Advisors Inc. bought a new position in Fidelity Quality Factor ETF during the 2nd quarter worth $539,000. TD Waterhouse Canada Inc. lifted its position in shares of Fidelity Quality Factor ETF by 9.2% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 9,879 shares of the company’s stock valued at $688,000 after acquiring an additional 831 shares during the period. PKS Advisory Services LLC increased its position in shares of Fidelity Quality Factor ETF by 5.1% in the second quarter. PKS Advisory Services LLC now owns 19,979 shares of the company’s stock worth $1,391,000 after purchasing an additional 977 shares during the period. Nwam LLC acquired a new stake in Fidelity Quality Factor ETF during the second quarter worth about $236,000. Finally, Foundations Investment Advisors LLC lifted its holdings in shares of Fidelity Quality Factor ETF by 28.4% during the 2nd quarter. Foundations Investment Advisors LLC now owns 17,857 shares of the company’s stock worth $1,243,000 after acquiring an additional 3,952 shares during the period.

Fidelity Quality Factor ETF Price Performance

Shares of FQAL stock opened at $76.00 on Friday. The company has a fifty day moving average price of $76.27 and a two-hundred day moving average price of $74.63. Fidelity Quality Factor ETF has a one year low of $56.05 and a one year high of $77.58. The stock has a market cap of $1.16 billion, a P/E ratio of 25.46 and a beta of 0.97.

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.