Short Interest in Fidelity Quality Factor ETF (NYSEARCA:FQAL) Drops By 87.9%

Fidelity Quality Factor ETF (NYSEARCA:FQAL) was the recipient of a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 5,014 shares, a drop of 87.9% from the February 12th total of 41,462 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 27,768 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 27,768 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are short sold.

Fidelity Quality Factor ETF Stock Performance

NYSEARCA:FQAL traded down $1.10 on Thursday, hitting $74.29. 166,790 shares of the stock were exchanged, compared to its average volume of 38,452. Fidelity Quality Factor ETF has a 52 week low of $56.05 and a 52 week high of $77.58. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 25.46 and a beta of 0.97. The company’s 50-day moving average price is $76.46 and its 200 day moving average price is $75.27.

Hedge Funds Weigh In On Fidelity Quality Factor ETF

Large investors have recently bought and sold shares of the business. Jane Street Group LLC grew its holdings in Fidelity Quality Factor ETF by 5.9% during the 1st quarter. Jane Street Group LLC now owns 11,083 shares of the company’s stock worth $711,000 after acquiring an additional 621 shares during the period. Bank of Montreal Can lifted its stake in shares of Fidelity Quality Factor ETF by 6.0% in the 2nd quarter. Bank of Montreal Can now owns 3,764 shares of the company’s stock valued at $262,000 after purchasing an additional 214 shares during the period. Allworth Financial LP lifted its stake in shares of Fidelity Quality Factor ETF by 0.4% in the 2nd quarter. Allworth Financial LP now owns 38,316 shares of the company’s stock valued at $2,668,000 after purchasing an additional 141 shares during the period. Nwam LLC bought a new position in shares of Fidelity Quality Factor ETF in the 2nd quarter worth $236,000. Finally, Foundations Investment Advisors LLC boosted its position in shares of Fidelity Quality Factor ETF by 28.4% in the 2nd quarter. Foundations Investment Advisors LLC now owns 17,857 shares of the company’s stock worth $1,243,000 after purchasing an additional 3,952 shares during the last quarter.

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.