Short Interest in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Grows By 39.8%

Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 182,528 shares, an increase of 39.8% from the December 15th total of 130,533 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 226,502 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily volume of 226,502 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.2% of the company’s shares are short sold.

Fidelity MSCI Information Technology Index ETF Price Performance

NYSEARCA:FTEC opened at $226.28 on Monday. The company’s 50-day simple moving average is $225.51 and its 200 day simple moving average is $218.26. Fidelity MSCI Information Technology Index ETF has a one year low of $134.11 and a one year high of $240.25. The firm has a market capitalization of $16.81 billion, a P/E ratio of 35.45 and a beta of 1.24.

Institutional Investors Weigh In On Fidelity MSCI Information Technology Index ETF

Several large investors have recently made changes to their positions in FTEC. Financial Life Planners purchased a new stake in Fidelity MSCI Information Technology Index ETF in the 3rd quarter worth about $25,000. AlphaCore Capital LLC bought a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 2nd quarter valued at about $26,000. Bessemer Group Inc. acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF in the 3rd quarter worth $26,000. Wealth Watch Advisors INC acquired a new position in shares of Fidelity MSCI Information Technology Index ETF during the third quarter valued at about $30,000. Finally, Strategic Advocates LLC purchased a new position in shares of Fidelity MSCI Information Technology Index ETF in the third quarter worth $31,000.

Fidelity MSCI Information Technology Index ETF Company Profile

The Fidelity MSCI Information Technology Index ETF (FTEC) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks a market-cap-weighted index of stocks in the broad US information technology sector. FTEC was launched on Oct 21, 2013 and is managed by Fidelity.