Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Sees Large Drop in Short Interest

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) was the target of a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 39,470 shares, a decline of 13.3% from the January 29th total of 45,545 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 108,083 shares, the short-interest ratio is presently 0.4 days. Based on an average daily trading volume, of 108,083 shares, the short-interest ratio is presently 0.4 days. Currently, 0.1% of the shares of the company are short sold.

Fidelity MSCI Financials Index ETF Price Performance

Fidelity MSCI Financials Index ETF stock traded down $0.53 during trading hours on Thursday, hitting $72.86. The company had a trading volume of 21,474 shares, compared to its average volume of 138,891. The firm has a 50-day moving average of $76.37 and a 200 day moving average of $75.91. The firm has a market cap of $2.30 billion, a PE ratio of 17.73 and a beta of 1.02. Fidelity MSCI Financials Index ETF has a one year low of $58.68 and a one year high of $80.31.

Institutional Trading of Fidelity MSCI Financials Index ETF

Institutional investors have recently added to or reduced their stakes in the company. Lido Advisors LLC increased its position in Fidelity MSCI Financials Index ETF by 7.8% during the 3rd quarter. Lido Advisors LLC now owns 2,704,058 shares of the company’s stock worth $206,428,000 after buying an additional 196,045 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Fidelity MSCI Financials Index ETF by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,882,009 shares of the company’s stock valued at $146,307,000 after acquiring an additional 51,401 shares in the last quarter. AGF Management Ltd. increased its position in Fidelity MSCI Financials Index ETF by 47.4% during the third quarter. AGF Management Ltd. now owns 853,891 shares of the company’s stock worth $65,186,000 after acquiring an additional 274,708 shares during the period. Commonwealth Equity Services LLC raised its stake in Fidelity MSCI Financials Index ETF by 5.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 474,222 shares of the company’s stock worth $36,866,000 after purchasing an additional 25,627 shares in the last quarter. Finally, LPL Financial LLC raised its stake in Fidelity MSCI Financials Index ETF by 19.2% in the 4th quarter. LPL Financial LLC now owns 347,864 shares of the company’s stock worth $27,043,000 after purchasing an additional 56,045 shares in the last quarter.

About Fidelity MSCI Financials Index ETF

The Fidelity MSCI Financials Index ETF (FNCL) is an exchange-traded fund that is based on the MSCI USA IMI Financials 25\u002F50 index, a market-cap-weighted index of US financial companies across the entire market-cap spectrum. FNCL was launched on Oct 21, 2013 and is managed by Fidelity.