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

Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) was the recipient of a large decrease in short interest in February. As of February 13th, there was short interest totaling 56,472 shares, a decrease of 60.2% from the January 29th total of 141,830 shares. Based on an average daily trading volume, of 416,000 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are short sold. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 416,000 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Fidelity MSCI Information Technology Index ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in Fidelity MSCI Information Technology Index ETF by 8.8% in the fourth quarter. Brighton Jones LLC now owns 18,113 shares of the company’s stock valued at $3,349,000 after buying an additional 1,458 shares during the period. Goldman Sachs Group Inc. bought a new stake in shares of Fidelity MSCI Information Technology Index ETF during the 1st quarter valued at $2,532,000. Jane Street Group LLC acquired a new position in shares of Fidelity MSCI Information Technology Index ETF in the 1st quarter valued at $3,833,000. Focus Partners Advisor Solutions LLC bought a new position in shares of Fidelity MSCI Information Technology Index ETF in the 2nd quarter worth $361,000. Finally, Flagship Harbor Advisors LLC grew its stake in shares of Fidelity MSCI Information Technology Index ETF by 128.1% during the second quarter. Flagship Harbor Advisors LLC now owns 3,009 shares of the company’s stock worth $593,000 after purchasing an additional 1,690 shares during the period.

Fidelity MSCI Information Technology Index ETF Price Performance

Shares of NYSEARCA FTEC traded down $4.24 during midday trading on Friday, hitting $216.55. The stock had a trading volume of 473,323 shares, compared to its average volume of 418,108. The firm has a market cap of $15.81 billion, a P/E ratio of 35.45 and a beta of 1.24. Fidelity MSCI Information Technology Index ETF has a fifty-two week low of $134.11 and a fifty-two week high of $240.25. The company’s 50-day simple moving average is $223.77 and its 200 day simple moving average is $221.97.

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.