Fidelity Momentum Factor ETF (NYSEARCA:FDMO) Short Interest Up 47.2% in December
by Jessica Moore · The Cerbat GemFidelity Momentum Factor ETF (NYSEARCA:FDMO – Get Free Report) was the recipient of a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 23,376 shares, an increase of 47.2% from the December 15th total of 15,877 shares. Based on an average daily volume of 36,674 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.3% of the shares of the company are sold short. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 36,674 shares, the days-to-cover ratio is presently 0.6 days.
Fidelity Momentum Factor ETF Stock Up 0.5%
Shares of NYSEARCA FDMO traded up $0.47 during mid-day trading on Friday, reaching $87.36. 21,614 shares of the company were exchanged, compared to its average volume of 33,456. The stock has a market capitalization of $637.73 million, a P/E ratio of 28.38 and a beta of 1.01. The company’s 50-day simple moving average is $84.26 and its 200-day simple moving average is $81.65. Fidelity Momentum Factor ETF has a twelve month low of $55.41 and a twelve month high of $87.60.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. Envestnet Asset Management Inc. lifted its position in shares of Fidelity Momentum Factor ETF by 5.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,258,647 shares of the company’s stock valued at $104,682,000 after acquiring an additional 68,770 shares during the period. NewEdge Advisors LLC boosted its position in shares of Fidelity Momentum Factor ETF by 373.9% during the 2nd quarter. NewEdge Advisors LLC now owns 58,485 shares of the company’s stock worth $4,437,000 after acquiring an additional 46,144 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Fidelity Momentum Factor ETF in the 1st quarter valued at $2,329,000. Goldman Sachs Group Inc. boosted its holdings in shares of Fidelity Momentum Factor ETF by 827.9% in the 1st 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. Finally, Absolute Capital Management LLC increased its stake in shares of Fidelity Momentum Factor ETF by 139.7% in the 2nd quarter. Absolute Capital Management LLC now owns 44,100 shares of the company’s stock valued at $3,345,000 after purchasing an additional 25,700 shares during the last quarter.
Fidelity Momentum Factor ETF Company Profile
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.