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 in March. As of March 13th, there was short interest totaling 67,127 shares, an increase of 88.0% from the February 26th total of 35,704 shares. Based on an average trading volume of 96,968 shares, the short-interest ratio is currently 0.7 days. Approximately 0.9% of the company’s stock are sold short.

Fidelity Momentum Factor ETF Price Performance

Shares of NYSEARCA FDMO traded down $2.36 during trading on Thursday, hitting $79.06. The stock had a trading volume of 67,697 shares, compared to its average volume of 63,653. The firm has a fifty day moving average of $84.05 and a two-hundred day moving average of $83.76. The company has a market capitalization of $592.95 million, a PE ratio of 28.38 and a beta of 1.01. Fidelity Momentum Factor ETF has a 12 month low of $55.41 and a 12 month high of $88.11.

Institutional Investors Weigh In On Fidelity Momentum Factor ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. lifted its position in shares of Fidelity Momentum Factor ETF by 14.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 24,407 shares of the company’s stock worth $2,049,000 after buying an additional 3,025 shares in the last quarter. World Investment Advisors purchased a new position in shares of Fidelity Momentum Factor ETF in the 4th quarter worth approximately $494,000. Axxcess Wealth Management LLC bought a new position in shares of Fidelity Momentum Factor ETF in the fourth quarter valued at approximately $364,000. Cetera Investment Advisers grew its holdings in shares of Fidelity Momentum Factor ETF by 10.9% in the fourth quarter. Cetera Investment Advisers now owns 195,063 shares of the company’s stock valued at $16,377,000 after acquiring an additional 19,229 shares in the last quarter. Finally, Equitable Holdings Inc. increased its position in shares of Fidelity Momentum Factor ETF by 43.0% during the fourth quarter. Equitable Holdings Inc. now owns 5,372 shares of the company’s stock valued at $451,000 after acquiring an additional 1,615 shares during 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.