Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Short Interest Update

Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) was the recipient of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 139,032 shares, a decrease of 36.8% from the July 30th total of 220,017 shares. Based on an average trading volume of 308,914 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Kingsbury Capital Investment Advisors LLC purchased a new position in shares of Fidelity MSCI Information Technology Index ETF in the second quarter worth $201,000. Ameritas Advisory Services LLC lifted its position in shares of Fidelity MSCI Information Technology Index ETF by 99.5% during the 2nd quarter. Ameritas Advisory Services LLC now owns 19,001 shares of the company’s stock valued at $5,426,000 after buying an additional 9,477 shares in the last quarter. Compass Financial Management LLC purchased a new position in shares of Fidelity MSCI Information Technology Index ETF during the 2nd quarter valued at approximately $213,000. Succession Financial Inc. acquired a new stake in Fidelity MSCI Information Technology Index ETF in the 2nd quarter valued at $3,414,000. Finally, Highland Investment Advisors LLC acquired a new stake in Fidelity MSCI Information Technology Index ETF in the 2nd quarter valued at $40,000.

Fidelity MSCI Information Technology Index ETF Stock Performance

Shares of NYSEARCA FTEC traded down $3.88 during midday trading on Tuesday, reaching $283.68. 183,322 shares of the company traded hands, compared to its average volume of 385,157. Fidelity MSCI Information Technology Index ETF has a 12 month low of $198.17 and a 12 month high of $300.79. The stock’s 50-day simple moving average is $279.25 and its 200-day simple moving average is $255.87. The firm has a market cap of $20.85 billion, a PE ratio of 35.45 and a beta of 1.34.

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.