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

Fidelity Momentum Factor ETF (NYSEARCA:FDMO) saw a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 35,819 shares, a growth of 53.2% from the January 29th total of 23,380 shares. Based on an average trading volume of 78,641 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.5% of the shares of the company are sold short. Approximately 0.5% of the shares of the company are sold short. Based on an average trading volume of 78,641 shares, the days-to-cover ratio is presently 0.5 days.

Fidelity Momentum Factor ETF Trading Down 1.2%

FDMO opened at $84.13 on Friday. The stock’s fifty day simple moving average is $85.48 and its 200 day simple moving average is $83.42. Fidelity Momentum Factor ETF has a 1-year low of $55.41 and a 1-year high of $88.11. The stock has a market cap of $630.98 million, a PE ratio of 28.38 and a beta of 1.01.

Institutional Trading of Fidelity Momentum Factor ETF

Hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. acquired a new position in shares of Fidelity Momentum Factor ETF in the fourth quarter valued at approximately $26,000. Larson Financial Group LLC bought a new position in shares of Fidelity Momentum Factor ETF in the 3rd quarter valued at $50,000. Cornerstone Planning Group LLC acquired a new position in Fidelity Momentum Factor ETF during the third quarter worth about $53,000. CWM LLC increased its position 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 purchasing an additional 615 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC bought a new position in Fidelity Momentum Factor ETF in the 2nd quarter valued at 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.