Fidelity Momentum Factor ETF (NYSEARCA:FDMO – Get Free Report) was the target of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 19,741 shares, a decrease of 38.1% from the August 15th total of 31,900 shares. Based on an average daily trading volume, of 65,170 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the company’s stock are short sold.
Institutional Investors Weigh In On Fidelity Momentum Factor ETF
Several institutional investors have recently bought and sold shares of the stock. Worth Asset Management LLC bought a new stake in shares of Fidelity Momentum Factor ETF during the 1st quarter worth $516,000. World Investment Advisors bought a new position in Fidelity Momentum Factor ETF during the fourth quarter valued at about $494,000. Commonwealth Equity Services LLC grew its position in Fidelity Momentum Factor ETF by 23.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 83,352 shares of the company’s stock valued at $6,998,000 after buying an additional 15,638 shares during the period. Royal Bank of Canada increased its holdings in Fidelity Momentum Factor ETF by 185.3% during the first quarter. Royal Bank of Canada now owns 43,528 shares of the company’s stock worth $3,486,000 after buying an additional 28,269 shares during the last quarter. Finally, Ameritas Advisory Services LLC purchased a new stake in Fidelity Momentum Factor ETF during the second quarter worth about $1,502,000.
Fidelity Momentum Factor ETF Stock Performance
Shares of Fidelity Momentum Factor ETF stock traded up $1.60 during trading hours on Thursday, reaching $94.06. The company’s stock had a trading volume of 40,566 shares, compared to its average volume of 67,260. Fidelity Momentum Factor ETF has a one year low of $76.63 and a one year high of $98.87. The company has a market capitalization of $847.48 million, a P/E ratio of 28.38 and a beta of 1.05. The stock’s fifty day simple moving average is $94.39 and its two-hundred day simple moving average is $91.24.
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.
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