Short Interest in Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) Decreases By 13.3%

Fidelity MSCI Financials Index ETF (NYSEARCA:FNCL) saw a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 39,470 shares, a drop of 13.3% from the January 29th total of 45,545 shares. Based on an average trading volume of 108,083 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the company’s shares are short sold. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 108,083 shares, the days-to-cover ratio is presently 0.4 days.

Fidelity MSCI Financials Index ETF Price Performance

Shares of FNCL stock opened at $72.93 on Friday. The stock has a market capitalization of $2.30 billion, a PE ratio of 17.73 and a beta of 1.02. The business’s 50 day simple moving average is $76.24 and its 200 day simple moving average is $75.89. Fidelity MSCI Financials Index ETF has a one year low of $58.68 and a one year high of $80.31.

Institutional Investors Weigh In On Fidelity MSCI Financials Index ETF

Large investors have recently modified their holdings of the company. Paragon Private Wealth Management LLC raised its stake in Fidelity MSCI Financials Index ETF by 2.3% during the third quarter. Paragon Private Wealth Management LLC now owns 7,118 shares of the company’s stock worth $543,000 after buying an additional 163 shares during the last quarter. Mcrae Capital Management Inc. raised its position in shares of Fidelity MSCI Financials Index ETF by 3.3% in the 3rd quarter. Mcrae Capital Management Inc. now owns 6,312 shares of the company’s stock worth $482,000 after acquiring an additional 202 shares in the last quarter. Colonial Trust Co SC raised its position in shares of Fidelity MSCI Financials Index ETF by 56.9% in the 4th quarter. Colonial Trust Co SC now owns 568 shares of the company’s stock worth $44,000 after acquiring an additional 206 shares in the last quarter. Smith Salley Wealth Management lifted its stake in shares of Fidelity MSCI Financials Index ETF by 0.4% in the 4th quarter. Smith Salley Wealth Management now owns 56,311 shares of the company’s stock valued at $4,378,000 after purchasing an additional 209 shares during the period. Finally, IFP Advisors Inc boosted its position in shares of Fidelity MSCI Financials Index ETF by 5.1% during the 4th quarter. IFP Advisors Inc now owns 4,351 shares of the company’s stock valued at $338,000 after purchasing an additional 213 shares in the last quarter.

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.