Fidelity Momentum Factor ETF (NYSEARCA:FDMO) Shares Shorted: Short Interest Up 935.1% in October

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

Institutional Trading of Fidelity Momentum Factor ETF

Large investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC purchased a new stake in shares of Fidelity Momentum Factor ETF in the second quarter valued at $1,167,000. Royal Bank of Canada grew its holdings in shares of 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 valued at $3,486,000 after buying an additional 28,269 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings 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 valued at $144,249,000 after buying an additional 48,587 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Fidelity Momentum Factor ETF during the second quarter valued at $1,502,000. Finally, First Heartland Consultants Inc. acquired a new position in Fidelity Momentum Factor ETF during the third quarter valued at $2,764,000.

Fidelity Momentum Factor ETF Stock Up 1.1%

Shares of FDMO stock traded up $0.96 during trading hours on Monday, reaching $90.97. 38,910 shares of the stock traded hands, compared to its average volume of 66,859. The firm has a market capitalization of $836.92 million, a PE ratio of 28.38 and a beta of 1.05. Fidelity Momentum Factor ETF has a 1-year low of $76.63 and a 1-year high of $98.87. The business has a fifty day moving average price of $94.61 and a 200 day moving average price of $90.67.

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.