Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Short Interest Update

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 27,054 shares, an increase of 160.5% from the December 15th total of 10,387 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 98,790 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 98,790 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Trading of Fidelity MSCI Financials Index ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in FNCL. Janney Montgomery Scott LLC lifted its position in Fidelity MSCI Financials Index ETF by 2.6% during the 2nd quarter. Janney Montgomery Scott LLC now owns 6,432 shares of the company’s stock worth $476,000 after acquiring an additional 161 shares during the period. Paragon Private Wealth Management LLC lifted its holdings in shares of Fidelity MSCI Financials Index ETF by 2.3% during the third quarter. Paragon Private Wealth Management LLC now owns 7,118 shares of the company’s stock worth $543,000 after purchasing an additional 163 shares during the period. Prairie Wealth Advisors Inc. lifted its holdings in shares of Fidelity MSCI Financials Index ETF by 2.8% during the second quarter. Prairie Wealth Advisors Inc. now owns 7,045 shares of the company’s stock worth $522,000 after purchasing an additional 195 shares during the period. Mcrae Capital Management Inc. grew its position in Fidelity MSCI Financials Index ETF by 3.3% in the 3rd quarter. Mcrae Capital Management Inc. now owns 6,312 shares of the company’s stock valued at $482,000 after buying an additional 202 shares during the last quarter. Finally, Qube Research & Technologies Ltd increased its stake in Fidelity MSCI Financials Index ETF by 14.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,801 shares of the company’s stock valued at $133,000 after buying an additional 223 shares during the period.

Fidelity MSCI Financials Index ETF Stock Performance

NYSEARCA FNCL traded up $0.43 during trading on Thursday, reaching $77.65. The company’s stock had a trading volume of 312,015 shares, compared to its average volume of 191,471. The business’s fifty day moving average price is $76.70 and its 200-day moving average price is $75.71. Fidelity MSCI Financials Index ETF has a twelve month low of $58.68 and a twelve month high of $80.31. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 17.73 and a beta of 1.02.

Fidelity MSCI Financials Index ETF Company Profile

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.