Short Interest in Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Drops By 90.1%

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) was the recipient of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 3,397 shares, a drop of 90.1% from the April 15th total of 34,241 shares. Based on an average daily trading volume, of 200,779 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Fidelity MSCI Financials Index ETF Trading Down 0.4%

Shares of NYSEARCA:FNCL traded down $0.26 on Monday, reaching $73.02. 96,776 shares of the company traded hands, compared to its average volume of 146,929. The business’s 50-day simple moving average is $72.08 and its 200 day simple moving average is $74.65. Fidelity MSCI Financials Index ETF has a 52 week low of $67.76 and a 52 week high of $80.31. The stock has a market capitalization of $2.18 billion, a P/E ratio of 17.73 and a beta of 0.92.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Lido Advisors LLC grew its stake in shares of Fidelity MSCI Financials Index ETF by 7.8% during the third quarter. Lido Advisors LLC now owns 2,704,058 shares of the company’s stock valued at $206,428,000 after buying an additional 196,045 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Fidelity MSCI Financials Index ETF by 2.8% during 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 buying an additional 51,401 shares during the last quarter. AGF Management Ltd. grew its stake in shares of 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 valued at $65,186,000 after buying an additional 274,708 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of Fidelity MSCI Financials Index ETF by 5.7% during the fourth 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 during the period. Finally, LPL Financial LLC boosted its holdings in shares of Fidelity MSCI Financials Index ETF by 19.2% during the fourth 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 during the period.

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.