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

Fidelity Momentum Factor ETF (NYSEARCA:FDMO) saw a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 69,492 shares, an increase of 106.6% from the April 15th total of 33,640 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average daily trading volume, of 54,528 shares, the short-interest ratio is currently 1.3 days.

Fidelity Momentum Factor ETF Stock Performance

Fidelity Momentum Factor ETF stock traded down $1.79 during mid-day trading on Friday, reaching $93.42. 66,270 shares of the company were exchanged, compared to its average volume of 70,175. The business has a fifty day moving average of $85.57 and a 200 day moving average of $84.94. The firm has a market cap of $868.81 million, a P/E ratio of 28.38 and a beta of 1.05. Fidelity Momentum Factor ETF has a 12-month low of $70.04 and a 12-month high of $95.38.

Hedge Funds Weigh In On Fidelity Momentum Factor ETF

Several hedge funds have recently made changes to their positions in the company. Cetera Investment Advisers increased its position in shares of Fidelity Momentum Factor ETF by 5.4% in the 1st quarter. Cetera Investment Advisers now owns 205,666 shares of the company’s stock valued at $16,474,000 after acquiring an additional 10,603 shares during the period. Marks Group Wealth Management Inc increased its position in shares of Fidelity Momentum Factor ETF by 1,548.7% in the 1st quarter. Marks Group Wealth Management Inc now owns 85,120 shares of the company’s stock valued at $6,818,000 after acquiring an additional 79,957 shares during the period. Valmark Advisers Inc. increased its position in shares of Fidelity Momentum Factor ETF by 96.5% in the 1st quarter. Valmark Advisers Inc. now owns 9,914 shares of the company’s stock valued at $794,000 after acquiring an additional 4,868 shares during the period. Kestra Advisory Services LLC lifted its holdings in shares of Fidelity Momentum Factor ETF by 258.0% during 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 period. Finally, RCS Financial Planning LLC acquired a new stake in shares of Fidelity Momentum Factor ETF during the first quarter worth about $712,000.

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.