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

Fidelity Momentum Factor ETF (NYSEARCA:FDMO) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 38,133 shares, a growth of 935.1% from the September 30th total of 3,684 shares. Based on an average daily volume of 45,457 shares, the short-interest ratio is currently 0.8 days. Approximately 0.4% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. boosted its holdings 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 acquiring an additional 48,587 shares in the last quarter. Kestra Advisory Services LLC grew its stake in shares of Fidelity Momentum Factor ETF by 258.0% in the first quarter. Kestra Advisory Services LLC now owns 209,587 shares of the company’s stock worth $16,788,000 after acquiring an additional 151,049 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of Fidelity Momentum Factor ETF by 5.4% during the first quarter. Cetera Investment Advisers now owns 205,666 shares of the company’s stock valued at $16,474,000 after acquiring an additional 10,603 shares in the last quarter. Mosley Wealth Management raised its position 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 worth $8,488,000 after purchasing an additional 3,914 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in Fidelity Momentum Factor ETF during the 3rd quarter valued at about $8,627,000.

Fidelity Momentum Factor ETF Stock Up 0.7%

Shares of FDMO stock traded up $0.62 during trading hours on Wednesday, hitting $92.92. 8,679 shares of the company’s stock traded hands, compared to its average volume of 66,341. The stock’s fifty day simple moving average is $94.38 and its two-hundred day simple moving average is $90.72. Fidelity Momentum Factor ETF has a 12-month low of $76.63 and a 12-month high of $98.87. The stock has a market cap of $854.91 million, a price-to-earnings ratio of 28.38 and a beta of 1.05.

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.