Fidelity Momentum Factor ETF (NYSEARCA:FDMO) Stock Short Interest Report for October

Fidelity Momentum Factor ETF (NYSEARCA:FDMO) was the target of a significant decrease in short interest in October. As of October 30th, there was short interest totaling 9,111 shares, a decrease of 76.1% from the October 15th total of 38,133 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 37,793 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On Fidelity Momentum Factor ETF

A number of large investors have recently modified their holdings of the company. Orgel Wealth Management LLC raised its holdings in shares of Fidelity Momentum Factor ETF by 4.0% in the 3rd quarter. Orgel Wealth Management LLC now owns 7,116 shares of the company’s stock worth $676,000 after acquiring an additional 273 shares during the last quarter. Harbour Investments Inc. bought a new position in Fidelity Momentum Factor ETF in the 3rd quarter valued at about $26,000. Latitude Advisors LLC bought a new position in Fidelity Momentum Factor ETF in the 3rd quarter valued at about $54,000. Western Wealth Management LLC bought a new position in Fidelity Momentum Factor ETF in the 1st quarter valued at about $58,000. Finally, Integrated Wealth Concepts LLC boosted its stake in Fidelity Momentum Factor ETF by 10.6% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 9,026 shares of the company’s stock valued at $890,000 after purchasing an additional 865 shares during the last quarter.

Fidelity Momentum Factor ETF Stock Performance

Fidelity Momentum Factor ETF stock traded down $0.84 during mid-day trading on Friday, reaching $88.17. The stock had a trading volume of 44,055 shares, compared to its average volume of 68,051. Fidelity Momentum Factor ETF has a fifty-two week low of $76.63 and a fifty-two week high of $98.87. The stock’s 50-day simple moving average is $92.97 and its 200-day simple moving average is $90.87. The firm has a market capitalization of $802.35 million, a PE ratio of 21.45 and a beta of 1.06.

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.