Short Interest in Fidelity Momentum Factor ETF (NYSEARCA:FDMO) Declines By 60.3%

Fidelity Momentum Factor ETF (NYSEARCA:FDMO) was the target of a large decline in short interest in December. As of December 15th, there was short interest totaling 15,877 shares, a decline of 60.3% from the November 30th total of 39,997 shares. Based on an average daily trading volume, of 35,552 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the shares of the stock are short sold. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 35,552 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On Fidelity Momentum Factor ETF

A number of institutional investors have recently bought and sold shares of the stock. Ameritas Advisory Services LLC acquired a new position in Fidelity Momentum Factor ETF in the 2nd quarter worth approximately $43,000. Larson Financial Group LLC acquired a new stake in shares of Fidelity Momentum Factor ETF in the third quarter valued at about $50,000. Cornerstone Planning Group LLC purchased a new stake in Fidelity Momentum Factor ETF during the 3rd quarter worth approximately $53,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Fidelity Momentum Factor ETF during the second quarter worth approximately $76,000. Finally, IFP Advisors Inc lifted its stake in shares of Fidelity Momentum Factor ETF by 27.7% in the third quarter. IFP Advisors Inc now owns 1,020 shares of the company’s stock worth $85,000 after buying an additional 221 shares in the last quarter.

Fidelity Momentum Factor ETF Trading Down 0.3%

Fidelity Momentum Factor ETF stock traded down $0.26 during trading hours on Friday, hitting $85.37. 18,805 shares of the stock traded hands, compared to its average volume of 61,190. The firm’s 50-day moving average price is $83.71 and its two-hundred day moving average price is $80.42. The company has a market cap of $571.98 million, a PE ratio of 28.38 and a beta of 1.01. Fidelity Momentum Factor ETF has a one year low of $55.41 and a one year high of $85.97.

Fidelity Momentum Factor ETF Company Profile

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.