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

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

Fidelity Momentum Factor ETF Price Performance

Shares of NYSEARCA:FDMO traded down $1.79 during trading on Friday, reaching $93.42. The stock had a trading volume of 66,270 shares, compared to its average volume of 70,175. Fidelity Momentum Factor ETF has a 52 week low of $70.04 and a 52 week high of $95.38. The business’s 50-day moving average price is $85.57 and its 200 day moving average price is $84.94. The stock has a market capitalization of $868.81 million, a PE ratio of 28.38 and a beta of 1.05.

Institutional Trading of Fidelity Momentum Factor ETF

A number of hedge funds and other institutional investors have recently modified their holdings of FDMO. Integrated Wealth Concepts LLC acquired a new stake in shares of Fidelity Momentum Factor ETF in the first quarter valued at approximately $450,000. NewEdge Advisors LLC increased its holdings in shares of Fidelity Momentum Factor ETF by 7.8% in the first quarter. NewEdge Advisors LLC now owns 12,341 shares of the company’s stock valued at $803,000 after purchasing an additional 898 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Fidelity Momentum Factor ETF by 827.9% in the first quarter. Goldman Sachs Group Inc. now owns 34,935 shares of the company’s stock valued at $2,273,000 after purchasing an additional 31,170 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Fidelity Momentum Factor ETF in the first quarter valued at approximately $2,329,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Fidelity Momentum Factor ETF by 77.6% in the second quarter. JPMorgan Chase & Co. now owns 29,822 shares of the company’s stock valued at $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.