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

Fidelity Momentum Factor ETF (NYSEARCA:FDMO) was the recipient of a significant drop in short interest in October. As of October 30th, there was short interest totaling 9,111 shares, a drop of 76.1% from the October 15th total of 38,133 shares. Based on an average daily volume of 37,793 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

Fidelity Momentum Factor ETF Stock Up 2.3%

Shares of NYSEARCA:FDMO opened at $89.66 on Thursday. The firm has a fifty day simple moving average of $93.19 and a two-hundred day simple moving average of $90.86. The stock has a market capitalization of $815.91 million, a P/E ratio of 21.45 and a beta of 1.06. Fidelity Momentum Factor ETF has a 52 week low of $76.63 and a 52 week high of $98.87.

Institutional Trading of Fidelity Momentum Factor ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. grew its stake in Fidelity Momentum Factor ETF by 3.4% in the second quarter. Envestnet Asset Management Inc. now owns 1,463,420 shares of the company’s stock worth $144,249,000 after purchasing an additional 48,587 shares in the last quarter. Cetera Investment Advisers increased its position in Fidelity Momentum Factor ETF by 5.4% during the 1st quarter. Cetera Investment Advisers now owns 205,666 shares of the company’s stock valued at $16,474,000 after purchasing an additional 10,603 shares during the period. Mosley Wealth Management raised its holdings in shares of Fidelity Momentum Factor ETF by 4.5% in the 3rd quarter. Mosley Wealth Management now owns 90,977 shares of the company’s stock valued at $8,488,000 after purchasing an additional 3,914 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Fidelity Momentum Factor ETF in the 3rd quarter worth approximately $8,627,000. Finally, Marks Group Wealth Management Inc lifted its position in shares of Fidelity Momentum Factor ETF by 1,548.7% in the 1st quarter. Marks Group Wealth Management Inc now owns 85,120 shares of the company’s stock worth $6,818,000 after purchasing an additional 79,957 shares during the period.

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.