Fidelity Momentum Factor ETF (NYSEARCA:FDMO) Short Interest Update

Fidelity Momentum Factor ETF (NYSEARCA:FDMO) saw a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 9,892 shares, a decrease of 49.9% from the August 31st total of 19,741 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 47,046 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Fidelity Momentum Factor ETF

Large investors have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC grew its stake in shares of Fidelity Momentum Factor ETF by 258.0% in the first quarter. Kestra Advisory Services LLC now owns 209,587 shares of the company’s stock worth $16,788,000 after purchasing an additional 151,049 shares during the last quarter. Marks Group Wealth Management Inc raised its holdings in Fidelity Momentum Factor ETF by 1,548.7% in the first quarter. Marks Group Wealth Management Inc now owns 85,120 shares of the company’s stock worth $6,818,000 after purchasing an additional 79,957 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in Fidelity Momentum Factor ETF by 3.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,463,420 shares of the company’s stock valued at $144,249,000 after acquiring an additional 48,587 shares during the period. Royal Bank of Canada boosted its position in shares of Fidelity Momentum Factor ETF by 185.3% in the 1st quarter. Royal Bank of Canada now owns 43,528 shares of the company’s stock worth $3,486,000 after purchasing an additional 28,269 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in Fidelity Momentum Factor ETF by 23.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 83,352 shares of the company’s stock worth $6,998,000 after acquiring an additional 15,638 shares in the last quarter.

Fidelity Momentum Factor ETF Trading Up 0.2%

Shares of Fidelity Momentum Factor ETF stock traded up $0.17 on Tuesday, hitting $95.67. 7,865 shares of the company traded hands, compared to its average volume of 68,495. The company has a market cap of $918.48 million, a P/E ratio of 28.38 and a beta of 1.05. Fidelity Momentum Factor ETF has a 12-month low of $76.63 and a 12-month high of $98.87. The firm’s 50-day simple moving average is $94.51 and its 200 day simple moving average is $91.93.

About Fidelity Momentum Factor ETF

The Fidelity Momentum Factor ETF (FDMO) is an exchange-traded fund that is based on the Fidelity U.S. Momentum Factor index. The fund tracks an index large-cap US stocks selected for positive momentum signals. FDMO was launched on Sep 12, 2016 and is managed by Fidelity.