Short Interest in Fidelity Quality Factor ETF (NYSEARCA:FQAL) Increases By 1,039.2%

Fidelity Quality Factor ETF (NYSEARCA:FQAL) saw a significant increase in short interest in March. As of March 13th, there was short interest totaling 57,117 shares, an increase of 1,039.2% from the February 26th total of 5,014 shares. Based on an average daily trading volume, of 67,836 shares, the short-interest ratio is currently 0.8 days. Approximately 0.4% of the company’s shares are sold short. Approximately 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 67,836 shares, the short-interest ratio is currently 0.8 days.

Fidelity Quality Factor ETF Trading Down 0.5%

Fidelity Quality Factor ETF stock traded down $0.33 during trading hours on Tuesday, hitting $72.71. 181,683 shares of the stock traded hands, compared to its average volume of 51,609. The firm’s 50-day moving average price is $75.99 and its two-hundred day moving average price is $75.36. The company has a market cap of $1.11 billion, a PE ratio of 25.46 and a beta of 0.97. Fidelity Quality Factor ETF has a one year low of $56.05 and a one year high of $77.58.

Institutional Investors Weigh In On Fidelity Quality Factor ETF

Several hedge funds have recently made changes to their positions in FQAL. Spire Wealth Management grew its stake in Fidelity Quality Factor ETF by 22.4% in the third quarter. Spire Wealth Management now owns 808 shares of the company’s stock worth $60,000 after purchasing an additional 148 shares during the period. DecisionMap Wealth Management LLC boosted its holdings in shares of Fidelity Quality Factor ETF by 5.4% during the 4th quarter. DecisionMap Wealth Management LLC now owns 2,962 shares of the company’s stock valued at $224,000 after buying an additional 151 shares in the last quarter. CIBC Private Wealth Group LLC boosted its holdings in shares of Fidelity Quality Factor ETF by 23.3% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 890 shares of the company’s stock valued at $67,000 after buying an additional 168 shares in the last quarter. Valmark Advisers Inc. grew its position in shares of Fidelity Quality Factor ETF by 1.1% in the 3rd quarter. Valmark Advisers Inc. now owns 16,454 shares of the company’s stock worth $1,229,000 after buying an additional 171 shares during the period. Finally, Savvy Advisors Inc. grew its position in shares of Fidelity Quality Factor ETF by 1.7% in the 4th quarter. Savvy Advisors Inc. now owns 10,831 shares of the company’s stock worth $819,000 after buying an additional 180 shares during the period.

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.