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

Fidelity Momentum Factor ETF (NYSEARCA:FDMO) was the recipient of a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 35,819 shares, an increase of 53.2% from the January 29th total of 23,380 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily volume of 78,641 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily volume of 78,641 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.5% of the company’s stock are short sold.

Fidelity Momentum Factor ETF Stock Up 0.0%

Fidelity Momentum Factor ETF stock traded up $0.04 during mid-day trading on Monday, hitting $84.17. The company had a trading volume of 72,905 shares, compared to its average volume of 50,603. Fidelity Momentum Factor ETF has a 1 year low of $55.41 and a 1 year high of $88.11. The business has a fifty day moving average of $85.46 and a 200 day moving average of $83.48. The stock has a market cap of $631.28 million, a price-to-earnings ratio of 28.38 and a beta of 1.01.

Institutional Investors Weigh In On Fidelity Momentum Factor ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. purchased a new position in shares of Fidelity Momentum Factor ETF during the fourth quarter worth about $26,000. Larson Financial Group LLC purchased a new stake in shares of Fidelity Momentum Factor ETF in the 3rd quarter valued at about $50,000. Cornerstone Planning Group LLC purchased a new position in Fidelity Momentum Factor ETF during the 3rd quarter worth approximately $53,000. CWM LLC grew its stake in 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 buying an additional 615 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in Fidelity Momentum Factor ETF during the second quarter worth approximately $76,000.

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.