Fidelity Momentum Factor ETF (NYSEARCA:FDMO – Get Free Report) saw a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 3,684 shares, a drop of 62.8% from the September 15th total of 9,892 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 95,395 shares, the days-to-cover ratio is currently 0.0 days.
Fidelity Momentum Factor ETF Trading Down 0.3%
Shares of NYSEARCA:FDMO traded down $0.27 during trading on Tuesday, hitting $95.12. 23,902 shares of the company’s stock were exchanged, compared to its average volume of 68,185. Fidelity Momentum Factor ETF has a 1-year low of $76.63 and a 1-year high of $98.87. The firm has a 50-day moving average price of $95.15 and a two-hundred day moving average price of $93.06. The firm has a market cap of $875.10 million, a P/E ratio of 28.38 and a beta of 1.05.
Hedge Funds Weigh In On Fidelity Momentum Factor ETF
Several large investors have recently bought and sold shares of FDMO. Envestnet Asset Management Inc. grew its stake in shares of Fidelity Momentum Factor ETF by 3.4% during 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 during the period. Kestra Advisory Services LLC increased its holdings in 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 valued at $16,788,000 after purchasing an additional 151,049 shares during the last quarter. Cetera Investment Advisers increased its holdings in Fidelity Momentum Factor ETF by 5.4% in the first 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 last quarter. Marks Group Wealth Management Inc lifted its stake in Fidelity Momentum Factor ETF by 1,548.7% in the first quarter. Marks Group Wealth Management Inc now owns 85,120 shares of the company’s stock valued at $6,818,000 after buying an additional 79,957 shares during the period. Finally, Kestra Private Wealth Services LLC lifted its stake in Fidelity Momentum Factor ETF by 1.3% in the first quarter. Kestra Private Wealth Services LLC now owns 70,980 shares of the company’s stock valued at $5,685,000 after buying an additional 895 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.
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