Short Interest in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Increases By 29.9%

Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) was the recipient of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 73,336 shares, an increase of 29.9% from the February 12th total of 56,472 shares. Based on an average daily volume of 338,013 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 338,013 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Financial Life Planners acquired a new position in shares of Fidelity MSCI Information Technology Index ETF in the 3rd quarter worth approximately $25,000. Bessemer Group Inc. acquired a new stake in Fidelity MSCI Information Technology Index ETF during the 3rd quarter worth about $26,000. AlphaCore Capital LLC purchased a new position in Fidelity MSCI Information Technology Index ETF during the second quarter valued at approximately $26,000. Wealth Watch Advisors INC acquired a new position in shares of Fidelity MSCI Information Technology Index ETF in the third quarter worth $30,000. Finally, Strategic Advocates LLC purchased a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 3rd quarter worth about $31,000.

Fidelity MSCI Information Technology Index ETF Trading Up 1.5%

FTEC traded up $3.11 during trading hours on Monday, hitting $216.12. The company’s stock had a trading volume of 653,325 shares, compared to its average volume of 442,620. Fidelity MSCI Information Technology Index ETF has a fifty-two week low of $134.11 and a fifty-two week high of $240.25. The company has a 50-day simple moving average of $221.57 and a 200 day simple moving average of $222.82. The firm has a market capitalization of $15.78 billion, a PE ratio of 35.45 and a beta of 1.24.

About Fidelity MSCI Information Technology Index ETF

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.