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

Fidelity Momentum Factor ETF (NYSEARCA:FDMO) was the target of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 67,127 shares, an increase of 88.0% from the February 26th total of 35,704 shares. Based on an average daily volume of 96,968 shares, the short-interest ratio is currently 0.7 days. Approximately 0.9% of the shares of the company are sold short.

Fidelity Momentum Factor ETF Stock Performance

NYSEARCA:FDMO traded down $2.36 during trading on Thursday, reaching $79.06. The company’s stock had a trading volume of 67,697 shares, compared to its average volume of 63,653. Fidelity Momentum Factor ETF has a 12 month low of $55.41 and a 12 month high of $88.11. The firm has a market cap of $592.95 million, a price-to-earnings ratio of 28.38 and a beta of 1.01. The firm has a 50 day moving average of $84.05 and a 200-day moving average of $83.76.

Hedge Funds Weigh In On Fidelity Momentum Factor ETF

Institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. bought a new stake in Fidelity Momentum Factor ETF in the fourth quarter worth about $26,000. Larson Financial Group LLC bought a new position in shares of Fidelity Momentum Factor ETF during the 3rd quarter valued at approximately $50,000. Cornerstone Planning Group LLC bought a new position in shares of Fidelity Momentum Factor ETF during the 3rd quarter valued at approximately $53,000. CWM LLC increased its stake in shares of Fidelity Momentum Factor ETF by 4,392.9% during the 4th quarter. CWM LLC now owns 629 shares of the company’s stock worth $53,000 after purchasing an additional 615 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Fidelity Momentum Factor ETF during the 2nd quarter worth approximately $76,000.

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.