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 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. Based on an average trading volume of 93,507 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.4% of the shares of the stock are sold short.

Fidelity Momentum Factor ETF Stock Performance

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. The company has a fifty day moving average of $95.18 and a 200 day moving average of $88.97. Fidelity Momentum Factor ETF has a fifty-two week low of $76.22 and a fifty-two week high of $98.87.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FDMO. Russell Investments Group Ltd. bought a new stake in shares of Fidelity Momentum Factor ETF in the fourth quarter worth about $26,000. Larson Financial Group LLC purchased a new position in Fidelity Momentum Factor ETF during the 3rd quarter valued at approximately $50,000. CWM LLC grew its holdings in Fidelity Momentum Factor ETF by 4,392.9% during the 4th quarter. CWM LLC now owns 629 shares of the company’s stock valued at $53,000 after buying an additional 615 shares in the last quarter. Western Wealth Management LLC purchased a new position in Fidelity Momentum Factor ETF during the 1st quarter valued at approximately $58,000. Finally, High Point Wealth Management LLC bought a new stake in Fidelity Momentum Factor ETF in the 4th quarter worth approximately $85,000.

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.