Fidelity Quality Factor ETF (NYSEARCA:FQAL – Get Free Report) saw a significant growth in short interest in July. As of July 15th, there was short interest totaling 22,342 shares, a growth of 707.4% from the June 30th total of 2,767 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 30,829 shares, the short-interest ratio is presently 0.7 days.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Fidelity Quality Factor ETF by 6,154.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,624,514 shares of the company’s stock worth $122,797,000 after purchasing an additional 1,598,541 shares during the last quarter. Kestra Advisory Services LLC grew its stake in Fidelity Quality Factor ETF by 33.6% in the first 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 during the last quarter. Principal Securities Inc. grew its stake in Fidelity Quality Factor ETF by 3,701.5% in the fourth 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 during the last quarter. Raymond James Financial Inc. raised its holdings in Fidelity Quality Factor ETF by 11,469.7% in the third quarter. Raymond James Financial Inc. now owns 55,303 shares of the company’s stock worth $4,132,000 after purchasing an additional 54,825 shares in the last quarter. Finally, Smith Chas P & Associates PA Cpas raised its holdings in Fidelity Quality Factor ETF by 32.9% in the fourth quarter. Smith Chas P & Associates PA Cpas now owns 179,903 shares of the company’s stock worth $13,599,000 after purchasing an additional 44,528 shares in the last quarter.
Fidelity Quality Factor ETF Stock Up 0.4%
Fidelity Quality Factor ETF stock opened at $81.54 on Friday. The business has a fifty day moving average of $80.99 and a two-hundred day moving average of $77.87. The firm has a market cap of $1.40 billion, a P/E ratio of 25.46 and a beta of 0.94. Fidelity Quality Factor ETF has a twelve month low of $69.85 and a twelve month high of $82.88.
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.
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