Fidelity Quality Factor ETF (NYSEARCA:FQAL) Short Interest Up 422.2% in August

Fidelity Quality Factor ETF (NYSEARCA:FQAL) saw a large growth in short interest in the month of August. As of August 15th, there was short interest totaling 37,600 shares, agrowthof422.2% from the July 31st total of 7,200 shares. Based on an average daily volume of 39,200 shares, the days-to-cover ratio is currently 1.0 days. Based on an average daily volume of 39,200 shares, the days-to-cover ratio is currently 1.0 days.

Hedge Funds Weigh In On Fidelity Quality Factor ETF

Several institutional investors have recently bought and sold shares of FQAL. Raymond James Financial Inc. acquired a new stake in Fidelity Quality Factor ETF in the second quarter valued at approximately $33,000. Wells Fargo & Company MN increased its holdings in Fidelity Quality Factor ETF by 2,596.6% in the fourth quarter. Wells Fargo & Company MN now owns 782 shares of the company’s stock valued at $51,000 after buying an additional 753 shares in the last quarter. Iron Horse Wealth Management LLC purchased a new stake in shares of Fidelity Quality Factor ETF during the first quarter worth about $56,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Fidelity Quality Factor ETF during the second quarter worth about $61,000. Finally, IFP Advisors Inc increased its stake in shares of Fidelity Quality Factor ETF by 26.6% during the second quarter. IFP Advisors Inc now owns 923 shares of the company’s stock worth $64,000 after purchasing an additional 194 shares in the last quarter.

Fidelity Quality Factor ETF Price Performance

Fidelity Quality Factor ETF stock opened at $72.22 on Wednesday. The firm has a market capitalization of $1.08 billion, a P/E ratio of 25.46 and a beta of 0.98. The company’s 50-day moving average is $71.08 and its 200 day moving average is $67.22. Fidelity Quality Factor ETF has a 1-year low of $56.05 and a 1-year high of $72.97.

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.