Fidelity Quality Factor ETF (NYSEARCA:FQAL) Short Interest Up 112.5% in January

Fidelity Quality Factor ETF (NYSEARCA:FQAL) was the target of a significant increase in short interest in 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 volume of 44,850 shares, the short-interest ratio is presently 0.8 days. Approximately 0.2% of the company’s stock are short sold. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 44,850 shares, the short-interest ratio is presently 0.8 days.

Fidelity Quality Factor ETF Price Performance

NYSEARCA:FQAL opened at $76.14 on Friday. The stock has a market cap of $1.16 billion, a P/E ratio of 25.46 and a beta of 0.97. Fidelity Quality Factor ETF has a 1-year low of $56.05 and a 1-year high of $77.58. The firm has a 50-day moving average of $76.28 and a two-hundred day moving average of $74.68.

Institutional Investors Weigh In On Fidelity Quality Factor ETF

Several large investors have recently made changes to their positions in the company. Elyxium Wealth LLC acquired a new position in Fidelity Quality Factor ETF in the fourth quarter worth approximately $31,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Fidelity Quality Factor ETF during the 4th quarter valued at $33,000. Raymond James Financial Inc. bought a new position in shares of Fidelity Quality Factor ETF during the 2nd quarter valued at $33,000. Cornerstone Planning Group LLC acquired a new stake in shares of Fidelity Quality Factor ETF in the 3rd quarter valued at $38,000. Finally, Spire Wealth Management increased its position in Fidelity Quality Factor ETF by 22.4% during the third quarter. Spire Wealth Management now owns 808 shares of the company’s stock worth $60,000 after buying an additional 148 shares during the last quarter.

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.