Fidelity Quality Factor ETF (NYSEARCA:FQAL) Short Interest Down 34.2% in June

Fidelity Quality Factor ETF (NYSEARCA:FQAL) was the recipient of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 2,767 shares, a decrease of 34.2% from the June 15th total of 4,208 shares. Based on an average daily volume of 29,971 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Fidelity Quality Factor ETF Stock Performance

NYSEARCA:FQAL opened at $81.86 on Friday. The firm’s 50-day moving average is $80.79 and its 200-day moving average is $77.67. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 25.46 and a beta of 0.94. Fidelity Quality Factor ETF has a 52-week low of $69.85 and a 52-week high of $82.88.

Hedge Funds Weigh In On Fidelity Quality Factor ETF

Large investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Fidelity Quality Factor ETF by 6,154.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,624,514 shares of the company’s stock worth $122,797,000 after acquiring an additional 1,598,541 shares in the last quarter. Kestra Advisory Services LLC increased its holdings in Fidelity Quality Factor ETF by 33.6% during the 1st quarter. Kestra Advisory Services LLC now owns 899,808 shares of the company’s stock valued at $65,326,000 after purchasing an additional 226,425 shares in the last quarter. Principal Securities Inc. increased its holdings in Fidelity Quality Factor ETF by 3,701.5% during the 4th quarter. Principal Securities Inc. now owns 109,218 shares of the company’s stock valued at $8,256,000 after purchasing an additional 106,345 shares in the last quarter. Raymond James Financial Inc. raised its position in Fidelity Quality Factor ETF by 11,469.7% in the 3rd quarter. Raymond James Financial Inc. now owns 55,303 shares of the company’s stock valued at $4,132,000 after purchasing an additional 54,825 shares during the last quarter. Finally, Smith Chas P & Associates PA Cpas raised its position in Fidelity Quality Factor ETF by 32.9% in the 4th quarter. Smith Chas P & Associates PA Cpas now owns 179,903 shares of the company’s stock valued at $13,599,000 after purchasing an additional 44,528 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.