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

Fidelity Momentum Factor ETF (NYSEARCA:FDMO) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 43,085 shares, an increase of 138.5% from the June 30th total of 18,065 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 93,507 shares, the short-interest ratio is presently 0.5 days.

Fidelity Momentum Factor ETF Price Performance

NYSEARCA FDMO opened at $92.64 on Tuesday. The stock has a market capitalization of $926.40 million, a price-to-earnings ratio of 28.38 and a beta of 1.05. Fidelity Momentum Factor ETF has a 1-year low of $76.22 and a 1-year high of $98.87. The business’s fifty day moving average price is $95.18 and its 200-day moving average price is $88.97.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC bought a new position in shares of Fidelity Momentum Factor ETF in the 1st quarter worth approximately $450,000. NewEdge Advisors LLC boosted its stake in shares of Fidelity Momentum Factor ETF by 7.8% during the 1st quarter. NewEdge Advisors LLC now owns 12,341 shares of the company’s stock worth $803,000 after acquiring an additional 898 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Fidelity Momentum Factor ETF by 827.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 34,935 shares of the company’s stock valued at $2,273,000 after acquiring an additional 31,170 shares during the period. Jane Street Group LLC bought a new stake in shares of Fidelity Momentum Factor ETF during the 1st quarter valued at $2,329,000. Finally, JPMorgan Chase & Co. increased its stake in shares of Fidelity Momentum Factor ETF by 77.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 29,822 shares of the company’s stock worth $2,262,000 after purchasing an additional 13,035 shares in the last quarter.

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.