Short Interest in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Increases By 35.4%

Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 130,533 shares, a growth of 35.4% from the November 30th total of 96,420 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 236,853 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily trading volume, of 236,853 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Trading of Fidelity MSCI Information Technology Index ETF

Large investors have recently bought and sold shares of the business. Financial Life Planners bought a new position in Fidelity MSCI Information Technology Index ETF in the third quarter valued at approximately $25,000. Bessemer Group Inc. acquired a new stake in shares of Fidelity MSCI Information Technology Index ETF during the third quarter worth $26,000. AlphaCore Capital LLC bought a new stake in Fidelity MSCI Information Technology Index ETF in the 2nd quarter valued at $26,000. Wealth Watch Advisors INC acquired a new position in Fidelity MSCI Information Technology Index ETF in the 3rd quarter worth $30,000. Finally, Strategic Advocates LLC bought a new position in Fidelity MSCI Information Technology Index ETF during the 3rd quarter worth about $31,000.

Fidelity MSCI Information Technology Index ETF Stock Performance

FTEC stock traded down $0.72 during midday trading on Tuesday, hitting $226.86. 174,450 shares of the company’s stock were exchanged, compared to its average volume of 336,926. Fidelity MSCI Information Technology Index ETF has a one year low of $134.11 and a one year high of $240.25. The company has a market cap of $16.67 billion, a PE ratio of 35.45 and a beta of 1.24. The stock’s fifty day moving average price is $227.00 and its 200-day moving average price is $215.08.

Fidelity MSCI Information Technology Index ETF Company Profile

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.