Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) Short Interest Update

Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) was the recipient of a large decline in short interest in December. As of December 15th, there was short interest totaling 19,485 shares, a decline of 45.5% from the November 30th total of 35,725 shares. Based on an average daily trading volume, of 30,666 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.2% of the company’s stock are short sold. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 30,666 shares, the days-to-cover ratio is currently 0.6 days.

Hedge Funds Weigh In On Fidelity MSCI Materials Index ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. AE Wealth Management LLC grew its stake in Fidelity MSCI Materials Index ETF by 15.4% in the 3rd quarter. AE Wealth Management LLC now owns 1,055,982 shares of the company’s stock valued at $55,365,000 after buying an additional 140,652 shares during the last quarter. AGF Management Ltd. boosted its holdings in shares of Fidelity MSCI Materials Index ETF by 91.5% during the second quarter. AGF Management Ltd. now owns 159,257 shares of the company’s stock worth $7,942,000 after acquiring an additional 76,078 shares during the period. Steward Partners Investment Advisory LLC grew its position in shares of Fidelity MSCI Materials Index ETF by 23,823.4% in the second quarter. Steward Partners Investment Advisory LLC now owns 55,263 shares of the company’s stock valued at $2,756,000 after purchasing an additional 55,032 shares during the last quarter. Lido Advisors LLC increased its stake in shares of Fidelity MSCI Materials Index ETF by 8.7% during the third quarter. Lido Advisors LLC now owns 623,248 shares of the company’s stock worth $32,677,000 after purchasing an additional 49,681 shares during the period. Finally, Beaumont Financial Advisors LLC bought a new position in shares of Fidelity MSCI Materials Index ETF during the third quarter worth approximately $1,454,000.

Fidelity MSCI Materials Index ETF Trading Up 0.5%

Shares of NYSEARCA FMAT traded up $0.29 during mid-day trading on Friday, hitting $54.18. The company had a trading volume of 30,585 shares, compared to its average volume of 46,310. The company has a market capitalization of $444.28 million, a PE ratio of 23.26 and a beta of 1.07. The firm has a 50-day simple moving average of $51.42 and a two-hundred day simple moving average of $51.58. Fidelity MSCI Materials Index ETF has a one year low of $41.39 and a one year high of $54.20.

About Fidelity MSCI Materials Index ETF

The Fidelity MSCI Materials Index ETF (FMAT) is an exchange-traded fund that is based on the MSCI USA IMI Materials 25\u002F50 index, a market-cap-weighted index of stocks in the US basic materials sector across the entire market-cap spectrum. FMAT was launched on Oct 21, 2013 and is managed by Fidelity.