Fidelity Quality Factor ETF (NYSEARCA:FQAL – Get Free Report) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 6,115 shares, a decline of 88.8% from the August 15th total of 54,529 shares. Based on an average daily trading volume, of 35,511 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.
Fidelity Quality Factor ETF Stock Up 0.8%
NYSEARCA:FQAL traded up $0.63 during mid-day trading on Friday, reaching $83.67. 18,551 shares of the company were exchanged, compared to its average volume of 51,442. Fidelity Quality Factor ETF has a 12 month low of $70.44 and a 12 month high of $85.56. The company has a fifty day moving average of $83.43 and a 200 day moving average of $79.72. The stock has a market cap of $1.44 billion, a PE ratio of 25.46 and a beta of 0.94.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of FQAL. NewEdge Advisors LLC raised its position in shares of Fidelity Quality Factor ETF by 2.6% during the second quarter. NewEdge Advisors LLC now owns 26,850 shares of the company’s stock worth $2,185,000 after acquiring an additional 689 shares during the last quarter. IFP Advisors Inc raised its holdings in Fidelity Quality Factor ETF by 7.6% during the 2nd quarter. IFP Advisors Inc now owns 15,838 shares of the company’s stock worth $1,289,000 after purchasing an additional 1,112 shares during the last quarter. Allworth Financial LP raised its holdings in Fidelity Quality Factor ETF by 0.8% during the 2nd quarter. Allworth Financial LP now owns 38,872 shares of the company’s stock worth $3,163,000 after purchasing an additional 296 shares during the last quarter. TD Waterhouse Canada Inc. raised its holdings in Fidelity Quality Factor ETF by 2.4% during 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 last quarter. Finally, Breakwater Capital Group lifted its position in Fidelity Quality Factor ETF by 19.2% during the 2nd quarter. Breakwater Capital Group now owns 15,308 shares of the company’s stock valued at $1,245,000 after purchasing an additional 2,466 shares during the period.
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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