Fidelity Quality Factor ETF (NYSEARCA:FQAL – Get Free Report) saw a significant increase in short interest in October. As of October 15th, there was short interest totaling 148,796 shares, an increase of 4,353.6% from the September 30th total of 3,341 shares. Based on an average daily volume of 63,656 shares, the days-to-cover ratio is presently 2.3 days. Currently, 0.9% of the company’s stock are sold short.
Hedge Funds Weigh In On Fidelity Quality Factor ETF
Several institutional investors and hedge funds have recently modified their holdings of FQAL. Colony Family Offices LLC boosted its stake in shares of Fidelity Quality Factor ETF by 6.2% during the 3rd quarter. Colony Family Offices LLC now owns 3,735 shares of the company’s stock worth $311,000 after acquiring an additional 217 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in shares of Fidelity Quality Factor ETF by 1.3% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 18,353 shares of the company’s stock valued at $1,493,000 after purchasing an additional 230 shares in the last quarter. CRA Financial Services LLC raised its holdings in Fidelity Quality Factor ETF by 3.1% in the 3rd quarter. CRA Financial Services LLC now owns 8,400 shares of the company’s stock worth $699,000 after purchasing an additional 250 shares during the period. TD Waterhouse Canada Inc. raised its holdings in Fidelity Quality Factor ETF by 2.4% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 11,236 shares of the company’s stock worth $913,000 after purchasing an additional 262 shares during the period. Finally, Royal Bank of Canada raised its holdings in Fidelity Quality Factor ETF by 11.7% in the 1st quarter. Royal Bank of Canada now owns 2,782 shares of the company’s stock worth $202,000 after purchasing an additional 292 shares during the period.
Fidelity Quality Factor ETF Stock Performance
Fidelity Quality Factor ETF stock opened at $84.45 on Wednesday. Fidelity Quality Factor ETF has a one year low of $70.44 and a one year high of $85.56. The stock has a market cap of $1.44 billion, a PE ratio of 25.46 and a beta of 0.94. The stock has a 50-day moving average of $84.25 and a two-hundred day moving average of $79.96.
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.
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